RTX Corporation
- RTX Corp. soared 5.9% to $77.48 after the aerospace company reported better-than-expected revenue and earnings in its latest quarterly results.
Revenue in the third quarter declined 21% to $13.5 billion from $17 billion, and the company swung to a net loss of $984 million from a profit of $1.4 billion, and diluted earnings per share dropped to ($0.68) from 94 cents a year ago.
The backlog at the end of the third quarter was $190 billion, of which $115 billion was from commercial aerospace and $75 billion was from defense contracts.
The board of directors approved a $10 billion accelerated stock repurchase program scheduled to begin immediately, resulting in a post-merger shareholder return commitment of between $36 billion and $37 billion through 2025, up from the previous range of between $33 billion and $35 billion.
Oct 24, 2023 - RTX Corp declined 6.6% to $77.90 after the company said it plans to take a pre-tax charge of $3 billion in its current quarter results because of issues related to some of Pratt & Whitney aircraft engine manufacturing that power Airbus A320 neo.
Sep 11, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.97 | 0.90 | -0.68 | - | - | |
| 2022 | - | - | - | 0.96 | - |