On July 23, RTX Corp rose 4.71% in regular trading, trading at $205.74/share, with turnover of $107 million. The rally was driven by the company's Q2 earnings release, which significantly exceeded analyst expectations alongside a substantial upward revision to full-year guidance.
RTX reported Q2 adjusted EPS of $1.89, beating the FactSet consensus estimate of $1.66 by nearly 14%, and representing a 21% year-over-year increase from $1.56. Net sales reached $24.71 billion, surpassing the $22.89 billion estimate, up 14% year-over-year with organic growth of 16%. GAAP net income surged 29% to $2.139 billion.
The company raised its full-year adjusted EPS guidance to $7.10-$7.25, well above the prior range of $6.70-$6.90 and the FactSet estimate of $6.95. Adjusted sales guidance was lifted to $95-$96 billion from $92.5-$93.5 billion, reflecting sustained strength in commercial aerospace aftermarket services and military system demand. Additionally, RTX announced the divestiture of Blue Canyon Technologies for $620 million to further optimize its asset structure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)