Why RTX Stock Jumped 8% Today
RTXRaytheon Technologies(RTX) The Motley Fool·2024-01-24 00:19

Shares of defense contracting giant RTX (RTX 5.93%) -- the artist formerly known as Raytheon -- jumped 8.2% through 10:30 a.m. ET after beating analyst forecasts for both sales and earnings Tuesday morning. Heading into its fourth and final quarterly report for 2023, Wall Street had forecast that RTX would earn 1.24pershare(adjustedforonetimeitems)onsalesof1.24 per share (adjusted for one-time items) on sales of 19.7 billion. RTX edged out both numbers, however, reporting an adjusted profit of 1.29pershareandsalesof1.29 per share and sales of 19.9 billion. RTX sales and ...