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Raytheon Technologies Corporation Bottom Line Drops In Q3

(RTTNews) - Raytheon Technologies Corporation (RTX) reported earnings for third quarter that decreased from the same period last year.

The company's profit came in at $264 million, or $0.17 per share. This compares with $1.15 billion, or $1.34 per share, in last year's third quarter.

Analysts had expected the company to earn $0.5 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.6% to $14.74 billion from $11.37 billion last year.

Raytheon Technologies Corporation earnings at a glance:

-Earnings (Q3): $264 Mln. vs. $1.15 Bln. last year. -EPS (Q3): $0.17 vs. $1.34 last year. -Analysts Estimate: $0.5 -Revenue (Q3): $14.74 Bln vs. $11.37 Bln last year.

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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