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.
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(END) Dow Jones Newswires