Raytheon Technologies Corporation Q4 Profit Increases, beats estimates

Raytheon Technologies Corporation (RTX) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $686 million, or $0.46 per share. This compares with $135 million, or $0.09 per share, in last year's fourth quarter.

Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.61 billion or $1.08 per share for the period.

Analysts on average had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.8% to $17.04 billion from $16.42 billion last year.

Raytheon Technologies Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $686 Mln. vs. $135 Mln. last year.
-EPS (Q4): $0.46 vs. $0.09 last year.
-Analyst Estimate: $1.02
-Revenue (Q4): $17.04 Bln vs. $16.42 Bln last year.

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