Raytheon Technologies Earnings Beat, Revenue Misses In Q2
2022.07.26 15:18
Raytheon Technologies Earnings Beat, Revenue Misses In Q2
Investing.com – Raytheon Technologies (NYSE:RTX) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Raytheon (NYSE:RTN) Technologies announced earnings per share of $1.16 on revenue of $16.31B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $16.6B.
Raytheon Technologies shares are down 6% from the beginning of the year, still down 10.80% from its 52 week high of $106.02 set on April 21. They are outperforming the S&P 500 which is down 16.77% from the start of the year.
Raytheon Technologies follows other major Industrials sector earnings this month
Raytheon Technologies’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
