Raytheon Technologies Q4 Adj. EPS $1.29 Beats $1.25 Estimate, Sales $19.93B Beat $19.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Raytheon Technologies (NYSE:RTX) surpassed analyst expectations for Q4 with an adjusted EPS of $1.29, beating the estimate of $1.25, and sales of $19.93B, exceeding the forecast of $19.73B. This represents a 1.57% increase in EPS and a 10.14% increase in sales compared to the same quarter last year.
January 23, 2024 | 11:55 am
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POSITIVE IMPACT
Raytheon Technologies reported a strong Q4 with earnings and sales surpassing analyst estimates, indicating robust financial performance.
Raytheon Technologies' earnings and sales beat is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The beat on both top and bottom lines suggests operational efficiency and strong demand for the company's products and services, which could lead to increased investor confidence and upward price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100