WASHINGTON (dpa-AFX) - Raytheon Technologies Corporation (RTX) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $1.43 billion, or $0.97 per share. This compares with $1.08 billion, or $0.72 per share, in last year's first quarter.
Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.79 billion or $1.22 per share for the period.
Analysts on average had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.5% to $17.21 billion from $15.72 billion last year.
Raytheon Technologies Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $1.43 Bln. vs. $1.08 Bln. last year. -EPS (Q1): $0.97 vs. $0.72 last year. -Analyst Estimate: $1.13 -Revenue (Q1): $17.21 Bln vs. $15.72 Bln last year.
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