Raytheon Technologies shares are trading higher after the company reported better-than-expected Q3 financial results, updated guidance and announced a $10 billion accelerated share-repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Raytheon Technologies reported better-than-expected Q3 financial results, updated its guidance, and announced a $10 billion accelerated share-repurchase program. This has led to an increase in the company's share price.
October 24, 2023 | 12:35 pm
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Raytheon's shares are trading higher due to better-than-expected Q3 results and a $10 billion share-repurchase program.
The company's better-than-expected Q3 results indicate strong performance, which is a positive signal to investors. Additionally, the announcement of a $10 billion share-repurchase program shows the company's confidence in its stock, which can further boost investor confidence and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100