Investing.com – Raytheon Technologies (NYSE:RTX) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Raytheon (NYSE:RTN) Technologies announced earnings per share of $1.08 on revenue of $17.04B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $17.28B.
Raytheon Technologies shares are up 2% from the beginning of the year, still down 4.71% from its 52 week high of $92.48 set on January 14. They are outperforming the S&P 500 which is down 7.47% from the start of the year.
Raytheon Technologies follows other major Industrials sector earnings this month
Raytheon Technologies’s report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
General Electric had beat expectations on Tuesday with fourth quarter EPS of $0.92 on revenue of $20.3B, compared to forecast for EPS of $0.8458 on revenue of $21.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Source: Investing.com
