RTX Corp. (RTX) climbs 4% on strong results and guidance
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Bank of America upgrades RTX Corp (RTX) to reflect better service execution
January 25, 2024 10:31 AM ESTBank of America upgraded RTX Corp. (NYSE: RTX) to a Neutral rating (From Underperform) and raised their 12-month price target on the defense company to $100.00 (From $78.00) to reflect a better than expected execution in servicing contaminated powder-metal discs in Geared Turbo Fan (GTF) aircraft engines.
While Raytheon defense will likely continue to be pressured,... More
RTX beats estimates on aviation strength, defense demand
January 23, 2024 6:57 AM ESTBy Pratyush Thakur and Mike Stone
(Reuters) -A recovery in commercial air traffic and increased global defense spending helped RTX report better-than-expected fourth-quarter earnings on Tuesday, boosting margins in its aftermarket service and defense business lines.
RTX shares were up 6.5% in early trading in New York.
The defense and aerospace major also forecast 2024 profit in the range of $5.25 to $5.40 per adjusted share, while analysts estimate $5.28 per share, according to LSEG data.
RTX capitalized on a strong aftermarket business as airlines extend the use of their planes to meet strengthened travel demand and amid a shortage of new... More
Raytheon Technologies (RTX) Tops Q4 EPS by 4c, Offers Guidance
January 23, 2024 6:56 AM ESTRaytheon Technologies (NYSE: RTX) reported Q4 EPS of $1.29, $0.04 better than the analyst estimate of $1.25. Revenue for the quarter came in at $19.9 billion versus the consensus estimate of $19.72 billion.
GUIDANCE:
Raytheon Technologies sees FY2024 EPS of $5.25-$5.40, versus the consensus of $5.28.... More
