Raytheon Technologies (NYSE:RTX) reported its Q1 earnings results on Tuesday, April 26, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
Raytheon Technologies beat estimated earnings by 13.86%, reporting an EPS of $1.15 versus an estimate of $1.01.
Revenue was up $465.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 1.47% drop in the share price the next day.
Here's a look at Raytheon Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.02 | 1.08 | 0.93 | 0.88 |
| EPS Actual | 1.08 | 1.26 | 1.03 | 0.90 |
| Revenue Estimate | 17.26B | 16.36B | 15.82B | 15.36B |
| Revenue Actual | 17.04B | 16.21B | 15.88B | 15.25B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Raytheon Technologies management provided guidance for FY 2022, expecting earnings between $4.6 and $4.8 per share.
To track all earnings releases for Raytheon Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
