Raytheon's Quarter Was Bleak. Here's How the Stock Can Recover in 2021

Going into earnings season investors expected Raytheon Technologies (NYSE: RTX) to struggle. With its heavy exposure to commercial aerospace, travel shutdowns have hurt demand for that segment of its business. The company actually beat expectations, yet the stock sold off more than 7% anyway.

The quarter went against conventional wisdom. Commercial, though down, held up better than feared, but Raytheon's defense business was unexpectedly sluggish. And management's commentary indicated the worst isn't over for commercial.

Here's what went right, and what went wrong, for Raytheon in the quarter and a look at what investors should expect heading into 2021.

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Source Fool.com