RTX stock rallies after adjusted earnings beat Wall Street estimate

RTX Corp. RTX stock is up 7.8% in premarket trades on Tuesday after its adjusted profit beat analyst estimates, it launched an accelerated stock buyback program, and sold a unit for $1.3 billion. RTX swung to a third-quarter loss due to repair costs of $1.

53 a share from microscopic contaminants found in Pratt & Whitney turbines and other one-time expenses. The defense contractor said it lost $984 million in the third quarter, or 68 cents a share. In the year-ago quarter, RTX earned $1.39 billion, or 94 cents a share. Adjusted third-quarter profit at RTX totaled $1.25 a share, ahead of the FactSet consensus estimate of...

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street drifts as stocks continue to follow the bond market's leadWall Street is drifting in mixed trading, continuing a months-long run where it’s followed the cue of the bond market.
Source: latimes - 🏆 11. / 82 Read more »