5 Stocks Gaining Attention After Posting Earnings Reports

In this article, we discuss the 5 stocks gaining attention after posting earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention After Posting Earnings Reports.

5. Raytheon Technologies Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 48

Shares of Raytheon Technologies Corporation (NYSE:RTX) fell over three percent in the pre-market trading session on Tuesday, January 25, 2022, after announcing lower-than-expected sales for the fourth quarter.

Raytheon Technologies Corporation (NYSE:RTX) reported adjusted earnings of $1.08 per share, beating expectations of $1.02 per share. Revenue for the quarter came in at $17 billion, slightly behind analysts’ average estimate of $17.26 billion.

The aerospace and defense conglomerate also issued its financial outlook for 2022. Raytheon Technologies Corporation (NYSE:RTX) expects adjusted earnings in the range of $4.60 – $4.80 per share and revenue between $68.5 – $69.5 billion.

Speaking on the results, CEO of Raytheon Technologies Corporation (NYSE:RTX), Greg Hayes, said:

“We closed the year on a strong note with full year adjusted EPS and free cash flow significantly exceeding the outlook we set a year ago. We also exceeded our cost synergy target for the year, delivered margin expansion across our businesses and returned $5.3 billion of capital to shareowners including the repurchase of $2.3 billion of RTX shares, demonstrating strong execution against our strategy and operational initiatives in 2021.”