RTX Corp.’s stock RTX, -0.60% was up by 4% in premarket trading on Tuesday after the Collins Aerospace Systems and Pratt & Whitney owner beat analyst expectations for fourth-quarter profit and revenue. RTX said its net income for the three months ended Dec. 31 rose slightly to $1.43 billion, or $1.05 a share, from $1.42 billion, or 96 cents a share, in the year-ago quarter. RTX’s adjusted profit of $1.29 a share beat the FactSet consensus estimate by a nickel per share. RTX’s revenue rose 10% to $19.93 bil ...

RTX delivers 10% sales growth in Q4 and exceeds full year cash flow expectations; expects continued sales and earnings growth in 2024 ARLINGTON, Va., Jan. 23, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported fourth quarter 2023 results and announces 2024 outlook. Fourth quarter 2023 Reported sales of $19.9 billion, up 10 percent versus prior year Adjusted sales* of $19.8 billion, up 10 percent versus prior year GAAP EPS from continuing operations of $1.05 included $0.29 of acquisition accounting adjustments a ...

Charger sets a new standard for supporting high voltage systems LONGUEUIL, QC, Jan. 22, 2024 /PRNewswire/ -- Pratt & Whitney Canada today announced the development of an advanced mobile charging unit (MCU) capable of charging high-power batteries at up to 1500 volts, making it compatible with Megawatt Charging System standards the industry is advancing for high voltage power applications. Pratt & Whitney is an RTX (NYSE: RTX) business.The MCU was developed in collaboration with the National Research Council ...

The aerospace and defense company RTX (RTX 0.07%) had a difficult 2023 with issues in both end markets. That said, investing is about looking forward, not backward. So, is RTX worth buying as a recovery play for 2024? Here's what you need to know.RTX's difficult yearThe industrial stock will report its fourth-quarter 2023 earnings on Jan. 23, but investors already have a clear idea about what happened last year.If you compare the full-year headline guidance given on the third-quarter earnings call in Octobe ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? RTX (RTX) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this an aerospace and defense company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.65%, on average, in the last two quarters.For the most recent quarter ...

RTX (RTX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this an aerospace and defense company have returned +3.5%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Aerospace - Defense industry, which RTX falls in, has lost 4.5%. The key question now is: What could be the stock's future direction? ...

It's been a tough year for defense and aerospace company RTX Corporation (RTX 0.80%) -- formerly known as Raytheon Technologies.  The stock has not only trailed the S&P 500 over the past 12 months, but shares are down more than 10%.The company incurred a $5.4 billion charge on revenue and a $2.9 billion hit to its operating profit in its third quarter due to a metal defect that impacted its aircraft engines. No shareholder likes to see billions of dollars go out the window, but this short-term impact may ha ...

RTX (RTX) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 23, 2024, might help the stock move higher if these key numbers are better than expectat ...

Raise your hand if you remember the Stinger missile. Keep your hands raised if the reason you remember the Stinger is from reading newspapers during the Reagan Administration and think of them as the missiles the mujahideen used to shoot down Soviet helicopters in Afghanistan. Yep. That's what I thought. But here's something that may surprise you: 35 years after the Soviets pulled out of Afghanistan, the Stinger is making a comeback. And Raytheon is about to start making money selling Stinger missiles again ...

RTX (RTX) closed at $86.33 in the latest trading session, marking a +1.18% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.Heading into today, shares of the an aerospace and defense company had gained 4.23% over the past month, outpacing the Aerospace sector's loss of 1.88% and the S&P 500's gain of 3.52% in that time.Analysts and investors alike will be keeping a close ...