RTX Rockets Past Estimates: Q2 Sales and EPS Surge, 2024 Outlook Brightens
Portfolio Pulse from Akanksha Bakshi
RTX Corporation (NYSE:RTX) reported strong Q2 results with an 8% increase in adjusted net sales and a 9% rise in adjusted EPS, both beating consensus estimates. The company also raised its 2024 outlook. Collins Aerospace and Pratt & Whitney showed significant growth, while Raytheon saw a decline due to divestitures. RTX's shares are up 9.46% following the news.
July 25, 2024 | 5:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RTX Corporation reported strong Q2 results with an 8% increase in adjusted net sales to $19.791 billion and a 9% rise in adjusted EPS to $1.41, both beating consensus estimates. The company raised its 2024 outlook, expecting adjusted sales of $78.75 billion-$79.5 billion and adjusted EPS of $5.35-$5.45. Shares are up 9.46%.
The strong Q2 results and raised 2024 outlook indicate positive financial performance and future growth prospects, leading to a significant increase in share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100