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Raytheon Technologies Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters. Raytheon Technologies Earnings Beat, Revenue Misses In Q3

Raytheon Technologies (NYSE 🙂 announced Tuesday the results of its third quarter. The company beat analysts’ predictions and reported revenue that was lower than expected.

Raytheon Technologies (NYSE) reported earnings per share in the range of $1.26 to $16.21B on revenues of $16.21B. Investing.com polled analysts and predicted an EPS of $1.08 for revenue $16.4B.

Raytheon Technologies shares rose 27% over the first of the year but are down 1.10% from October 22’s 52-week peak of $92.32. They are outperforming the S&P 500 which is up 21.58% from the start of the year.

Raytheon Technologies continues to follow other Capital Goods Sector earnings this Month

Raytheon Technologies reported on the earnings beat of ASML ADR, who reported EPS $4.97 on $6.1B revenue. Forecasts were for EPS $4.61 on $6.19B revenue.

Honeywell beat all expectations Friday, posting a third-quarter EPS of $2.02 on $8.47B in revenue. This compares to the $1.99 forecasted for $8.66B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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