Raytheon Reports Negative Impact from FX Rates -- Currency Comment
October 26 2021 - 3:56PM
Dow Jones News
By Paulo Trevisani
Raytheon Technologies Corp. on Tuesday reported a negative
impact from foreign currency translations on quarterly results.
The Waltham, Mass. aerospace company reported a $69 million hit
from foreign exchange rate changes on cash and cash equivalents
from continuing operations in the third quarter, reverting a $21
million positive impact a year earlier.
For the nine-month period through September 30, FX had a $10
million positive impact, down from $11 million in the same period
of 2020.
The WSJ Dollar Index was up 1.9% in the third quarter, according
to Dow Jones Market Data.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
October 26, 2021 15:41 ET (19:41 GMT)
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