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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