RAYTHEON TECHNOLOGIE

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Raytheon Reports Negative Impact from FX Rates -- Currency Comment

10/26/2021 | 01:41pm

By Paulo Trevisani

Raytheon Technologies Corp. on Tuesday reported a negative impact from foreign currency translations on quarterly results.

The Waltham, Mass. aerospace company reported a $69 million hit from foreign exchange rate changes on cash and cash equivalents from continuing operations in the third quarter, reverting a $21 million positive impact a year earlier.

For the nine-month period through September 30, FX had a $10 million positive impact, down from $11 million in the same period of 2020.

The WSJ Dollar Index was up 1.9% in the third quarter, according to Dow Jones Market Data.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

10-26-21 1541ET

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