Why RTX Corporation (RTX) Crashed on Tuesday

We recently published an article titled Gold Miners Dominate Tuesday’s Worst-Performing Stocks. In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

Jim Cramer Says RTX Corporation (RTX) Is the Best of the Defense Stocks

An aerial view of a commercial jetliner in flight, its airframe glinting in the sun.

RTX Corporation (NYSE:RTX)

RTX Corporation saw its share prices drop by 9.81 percent on Tuesday to close at $113.75 each following a dismal earnings performance in the first quarter of the year.

In a statement, reported net income in the January to March period dropped by 10 percent to $1.5 billion from $1.7 billion year-on-year. The figure included $400 million of acquisition accounting adjustments and $100 million of restructuring and other net significant and/or non-recurring items.

Adjusted net income increased by 11 percent to $1.99 billion from $1.79 billion.

Reported and adjusted sales were at $20.3 billion, up 5 percent year-on-year.

For full-year 2025, RTX Corporation expects adjusted sales to settle between $83 billion and $84 billion, including 4 to 6 percent organic growth.

“The current environment is clearly very dynamic, but our company is well-positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog,” said RTX Corporation President and CEO Chris Calio.


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This article is originally published at Insider Monkey.