Raytheon Technologies Corporation (RTX) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $1.42 billion, or $0.96 per share. This compares with $0.69 billion, or $0.46 per share, in last year's fourth quarter.
Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.87 billion or $1.27 per share for the period.
Analysts on average had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.2% to $18.09 billion from $17.04 billion last year.
Raytheon Technologies Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $1.42 Bln. vs. $0.69 Bln. last year.
-EPS (Q4): $0.96 vs. $0.46 last year.
-Analyst Estimate: $1.24
-Revenue (Q4): $18.09 Bln vs. $17.04 Bln last year.
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