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Raytheon Technologies Corporation Bottom Line Drops In Q3

Raytheon Technologies Corporation (RTX) reported earnings for third quarter that decreased from the same period last year.

The company's profit came in at $264 million, or $0.17 per share. This compares with $1.15 billion, or $1.34 per share, in last year's third quarter.

Analysts had expected the company to earn $0.5 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.6% to $14.74 billion from $11.37 billion last year.

Raytheon Technologies Corporation earnings at a glance:

-Earnings (Q3): $264 Mln. vs. $1.15 Bln. last year.
-EPS (Q3): $0.17 vs. $1.34 last year.
-Analysts Estimate: $0.5
-Revenue (Q3): $14.74 Bln vs. $11.37 Bln last year.

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