Raytheon powers past earning and revenue projections, stock rises

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Raytheon powers past earning and revenue projections, stock rises
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Raytheon Technologies Corp. said Tuesday its first-quarter net income increased to $1.43 billion, or 97 cents a share, from $1.08 billion, or 72 cents a...

Raytheon Technologies Corp. RTX said Tuesday its first-quarter net income increased to $1.43 billion, or 97 cents a share, from $1.08 billion, or 72 cents a share, in the year-ago quarter. Raytheon’s adjusted first-quarter net income of $1.22 a share beat the analyst forecast of $1.13 a share, according to estimates compiled by FactSet. Raytheon’s first-quarter sales increased by 10% to $17.21 billion, ahead of the analyst estimate of $16.96 billion.

RTX said Tuesday its first-quarter net income increased to $1.43 billion, or 97 cents a share, from $1.08 billion, or 72 cents a share, in the year-ago quarter. Raytheon’s adjusted first-quarter net income of $1.22 a share beat the analyst forecast of $1.13 a share, according to estimates compiled by FactSet. Raytheon’s first-quarter sales increased by 10% to $17.21 billion, ahead of the analyst estimate of $16.96 billion.

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