WALTHAM, Mass. (AP) _ Raytheon Technologies Corporation (RTX) on Tuesday reported third-quarter earnings of $264 million.

The Waltham, Massachusetts-based company said it had net income of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The an aerospace and defense company posted revenue of $14.75 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $15.13 billion.

Raytheon Technologies shares have fallen 59% since the beginning of the year. The stock has declined 58% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RTX at https://www.zacks.com/ap/RTX

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