We recently published 10 Stocks Leaving Wall Street in the Dust. RTX Corporation is one of the best performers on Tuesday.
RTX Corporation rallied to a new all-time high on Tuesday, adding 7.67 percent to close at $173.04 apiece as investor sentiment was fueled by a double-digit jump in third-quarter earnings, coupled with a higher growth outlook for the full-year period.
In an updated report, RTX Corporation said net income jumped by 30 percent to $1.918 billion from $1.472 billion in the same period last year, while sales increased by 12 percent to $22.478 billion from $20.089 billion year-on-year.
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Amid the strong results, RTX Corporation raised its full-year sales guidance to $86.5 billion to $87 billion, from the $84.75 billion to $85.5 billion previously.
“Strong execution in the third quarter enabled us to deliver double-digit organic sales growth across all three segments and our sixth consecutive quarter of year-over-year adjusted segment margin expansion,” said Chairman and CEO Chris Calio.
He said that the company would focus on executing its $251 billion backlog, alongside investing in next-generation products and services that meet the needs of its customers.
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This article is originally published at Insider Monkey.
