Movement Alert|RTX Corp Rises 4.71% in Regular Trading, Q2 Earnings Beat Expectations With Full-Year Guidance Raised

Market Focus
Jul 23

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10