Investing.com - Raytheon Technologies (NYSE:RTX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raytheon (NYSE:RTN) Technologies announced earnings per share of $0.74 on revenue of $16.58B. Analysts polled by Investing.com anticipated EPS of $0.6925 on revenue of $16.24B.
Raytheon Technologies shares are down 7% from the beginning of the year, still down 33.52% from its 52 week high of $99.70 set on February 11, 2020. They are under-performing the S&P 500 which is up 2.64% from the start of the year.
Raytheon Technologies follows other major Capital Goods sector earnings this month
Raytheon Technologies's report follows an earnings beat by ASML ADR on January 20, who reported EPS of $3.91 on revenue of $5.15B, compared to forecasts EPS of $2.97 on revenue of $4.49B.
General Electric had missed expectations on Tuesday with fourth quarter EPS of $0.08 on revenue of $21.93B, compared to forecast for EPS of $0.0887 on revenue of $21.76B.
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