Investing.com - Raytheon Technologies (NYSE:RTX) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raytheon (NYSE:RTN) Technologies announced earnings per share of $0.4 on revenue of $14.28B. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $13.42B.
Raytheon Technologies shares are down 59% from the beginning of the year , still down 38.73% from its 52 week high of $99.70 set on February 11. They are under-performing the Dow Jones which is down 6.85% from the start of the year.
Raytheon Technologies follows other major Capital Goods sector earnings this month
Raytheon Technologies's report follows an earnings missed by ASML ADR on July 15, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.
Lockheed Martin had beat expectations on July 21 with second quarter EPS of $5.79 on revenue of $16.22B, compared to forecast for EPS of $5.72 on revenue of $15.23B.
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