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Raytheon posts quarterly loss on lower commercial aerospace demand

Credit: REUTERS/PASCAL ROSSIGNOL

Raytheon Technologies Corp on Tuesday swung to a quarterly loss, compared to a year-ago profit hurt by lower sales in its Collins Aerospace unit.

July 28 (Reuters) - Raytheon Technologies Corp RTX.N on Tuesday swung to a quarterly loss, compared to a year-ago profit hurt by lower sales in its Collins Aerospace unit.

Net loss attributable to common shareowners was $3.84 billion, or $2.55 per share, for the quarter ended June 30, compared with a profit of $1.90 billion, or $2.22 per share, a year earlier.

Revenue rose to $14.06 billion from $11.33 billion.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Ramakrishnan M.)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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