Investing.com - Raytheon (NYSE:RTN) Technologies reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raytheon Technologies announced earnings per share of $1.78 on revenue of $18.21B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $17.49B. That with comparison to EPS of $1.91 on revenue of $18.37B in the same period a year before.Raytheon Technologies had reported EPS of $1.14 on revenue of $19.55B in the previous quarter.Analysts are expecting EPS of $0.74 and revenue of $16.69B in the upcoming quarter.
Raytheon Technologies shares are down 61% from the beginning of the year and are trading at $57.92 , down-from-52-week-high.They are under-performing the Dow 30 which is down 17.37% year to date.
Raytheon Technologies follows other major Capital Goods sector earnings this month
Raytheon Technologies's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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