WASHINGTON (dpa-AFX) - Raytheon Technologies Corporation (RTX) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $1.10 billion, or $0.74 per share. This compares with $0.77 billion, or $0.51 per share, in last year's first quarter.
Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.72 billion or $1.15 per share for the period.
Analysts on average had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.1% to $15.72 billion from $15.25 billion last year.
Raytheon Technologies Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $1.10 Bln. vs. $0.77 Bln. last year. -EPS (Q1): $0.74 vs. $0.51 last year. -Analyst Estimate: $1.01 -Revenue (Q1): $15.72 Bln vs. $15.25 Bln last year.
-Guidance: Full year EPS guidance: Adj: $4.60 - $4.80 Full year revenue guidance: $67.75 - $68.75 Bln
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