RTX climbs after lifting annual profit and revenue forecasts
BUZZ-RTX climbs after lifting annual profit and revenue forecasts ** Shares of defense contractor RTX Corp RTX.N rise nearly 3% to $196 premarket
** Co raises full-year profit and revenue forecasts as sustained demand for commercial aerospace services and military programs pushes its backlog to a record $340 billion and lifts Q3 results
** Co expects 2026 adjusted earnings per share of $7.65 to $7.75, up from its prior forecast of $7.10 to $7.25
** It also raises its sales forecast range to $97 billion to $97.5 billion, from $95 billion to $96 billion
** Co's Q3 adjusted profit rises to $2.26 per share from $1.70 a year earlier, while sales increased 11% to $24.97 billion
** As of last close, stock up ~5% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
Recent news on RTX
See all newsU.S. STOCKS ON THE MOVE-Moderna, Insulet, Jack Henry
U.S. STOCKS ON THE MOVE-WW Grainger, Eli Lilly, Super Micro
U.S. STOCKS ON THE MOVE-3M, Qnity Electronics, Wayfair, Duolingo
AI data-center stocks slide, renewables rally after Democratic US midterm sweep (updated)
U.S. STOCKS ON THE MOVE-AMD, health insurers, Estee Lauder