Investing.com - Raytheon (NYSE:RTN) Technologies reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Raytheon Technologies announced earnings per share of $1.21 on revenue of $17.00. Analysts polled by Investing.com anticipated EPS of $1.14 on revenue of $17.31B.
Raytheon Technologies shares are down 44% from the beginning of the year and are trading at $89.73 , down-from-52-week-high.
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 $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Lockheed Martin had beat expectations on Tuesday with third quarter EPS of $6.87 on revenue of $16.58B, compared to forecast for EPS of $6.66 on revenue of $16.66B.
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