What's Going On With RTX Shares Today
Portfolio Pulse from Akanksha Bakshi
RTX Corporation reported Q2 FY23 sales growth of 12% YoY to $18.32 billion, beating the consensus of $17.68 billion. Adjusted EPS improved 11% YoY to $1.29, beating the consensus of $1.18. The company repurchased $596 million of RTX shares. However, RTX shares are trading down by 13.75% at $83.67 due to a rare condition in powder metal used to manufacture certain engine parts that will require accelerated fleet inspection.
July 25, 2023 | 3:21 pm
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RTX Corporation reported strong Q2 FY23 results but shares are down due to an issue requiring accelerated engine inspections.
RTX Corporation reported strong Q2 FY23 results, beating both sales and EPS consensus. However, the company's shares are trading down due to a rare condition in powder metal used to manufacture certain engine parts that will require accelerated fleet inspection. This issue is likely to impact the company's short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100