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

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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.

 

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