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RTX stock rallies after adjusted earnings beat Wall Street estimate

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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

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...

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