Raytheon Technologies (RTX) reported Q1 FY 2021 earnings of $0.90 per share (versus $1.78 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.73 per share.

The company’s quarterly revenues amounted to $15.251 bln (+34.3% y/y), roughly in line with analysts’ consensus estimate of $15.266 bln.

The company also issued downside guidance for FY 2021, projecting EPS of $3.50-3.70 versus analysts’ consensus estimate of $3.72 and revenues of $63.90-65.40 bln versus analysts’ consensus estimate of $65.48 bln.

For Q2 FY 2021, the company forecast EPS of $0.90-0.95 versus analysts’ consensus estimate of $0.82 and revenues of $15.50-16.00 bln versus analysts’ consensus estimate of $15.76 bln.

RTX rose to $82.01 (+1.25%) in pre-market trading.