Raytheon Technologies Corporation Q2 Profit Increases, beats estimates

(RTTNews) - Raytheon Technologies Corporation (RTX) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $1.33 billion, or $0.90 per share. This compares with $1.30 billion, or $0.88 per share, in last year's second quarter.

Excluding items, Raytheon Technologies Corporation reported adjusted earnings of $1.90 billion or $1.29 per share for the period.

Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $18.32 billion from $16.31 billion last year.

Raytheon Technologies Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $1.33 Bln. vs. $1.30 Bln. last year. -EPS (Q2): $0.90 vs. $0.88 last year. -Analyst Estimate: $1.18 -Revenue (Q2): $18.32 Bln vs. $16.31 Bln last year.

-Guidance: Full year EPS guidance: $4.95 - $5.05 Full year revenue guidance: $73.0 - $74.0 Bln