RTX shares are trading lower after the company said it expects to incur a $3 billion to $3.5 billion impact to its pre-tax operating profit due to the impact to the Pratt & Whitney GTF fleet.
Portfolio Pulse from Bill Haddad
Raytheon Technologies (RTX) shares are trading lower after the company announced it expects to incur a $3 billion to $3.5 billion impact to its pre-tax operating profit due to the impact to the Pratt & Whitney GTF fleet.
September 11, 2023 | 3:09 pm
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NEGATIVE IMPACT
RTX shares are expected to trade lower due to the company's announcement of a significant impact to its pre-tax operating profit.
The company's announcement of a significant hit to its pre-tax operating profit is a negative signal to investors, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100