Recap: Raytheon Technologies Q1 Earnings

Raytheon Technologies 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.

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.

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).

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.

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