RTTNews | Jan 25, 2022 07:00AM EST

07:00 Tuesday, January 25, 2022 (RTTNews.com) - Raytheon Technologies Corporation (RTX) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $686 million, or $0.46 per share. This compares with $135 million, or $0.09 per share, in last year's fourth quarter.

Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.61 billion or $1.08 per share for the period.

Analysts on average had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.8% to $17.04 billion from $16.42 billion last year.

Raytheon Technologies Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $686 Mln. vs. $135 Mln. last year.-EPS (Q4): $0.46 vs. $0.09 last year.-Analyst Estimate: $1.02-Revenue (Q4): $17.04 Bln vs. $16.42 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3256990/raytheon-technologies-corporation-q4-profit-increases-beats-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved