News Formal

RTX Earnings Were Good for Not Being Awful. Why the Stock Is Surging.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Aerospace and defense giant RTX beats earnings and sales expectations in the third quarter.

Aerospace and defense giant RTX posted a quarter with no new surprises. That is enough for investors. The stock is higher.

Wall Street was expecting $1.22 a share from sales of $18.6 billion. A year ago in the third quarter of 2022, RTX reported EPS of $1.21 from sales of $17 billion. Results were good enough and, more importantly, contained no additional surprises. RTX shares tumbled 10.2% after second-quarter earnings were reported. That was after the company reported a problem with its geared turbofan jet engine that powers planes such as the Airbus A321.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

RTX Earnings Have No New Surprises. The Stock Is Surging.Aerospace and defense giant RTX beats earnings and sales expectations in the third quarter.
Source: MarketWatch - 🏆 3. / 97 Read more »

RTX stock rallies after adjusted earnings beat Wall Street estimateSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Production woes plague earnings for Boeing, RTX and Spirit AeroProduction woes plague earnings for Boeing, RTX and Spirit Aero
Source: Investingcom - 🏆 450. / 53 Read more »