WALTHAM, Mass. (AP) _ Raytheon Technologies Corporation (RTX) on Tuesday reported fourth-quarter earnings of $686 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of 46 cents. Earnings, adjusted for one-time gains and costs, came to $1.08 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The an aerospace and defense company posted revenue of $17.04 billion in the period.
For the year, the company reported profit of $3.86 billion, or $2.56 per share. Revenue was reported as $64.39 billion.
Raytheon Technologies expects full-year earnings in the range of $4.60 to $4.80 per share, with revenue in the range of $68.5 billion to $69.5 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RTX at https://www.zacks.com/ap/RTX
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News