Why RTX Stock Jumped 8% Today

Shares of defense contracting giant RTX (RTX 5.93%) -- the artist formerly known as Raytheon -- jumped 8.2% through 10:30 a.m. ET after beating analyst forecasts for both sales and earnings Tuesday morning.Heading into its fourth and final quarterly report for 2023, Wall Street had forecast that RTX would earn $1.24 per share (adjusted for one-time items) on sales of $19.7 billion. RTX edged out both numbers, however, reporting an adjusted profit of $1.29 per share and sales of $19.9 billion. RTX sales and ...