Al Root and Karishma Vanjani
RTX stock fell in premarket trading Tuesday after the aerospace and defense company's sales outlook missed Wall Street forecasts. First-quarter earnings were better than expected.
RTX reported first-quarter adjusted earnings per share of $1.47 from sales of $20.3 billion. Wall Street was looking for profit of $1.35 a share and sales of $19.8 billion. RTX reported earnings of $1.34 a share from sales of $19.3 billion in the first quarter of 2024.
Shares fell 4.5% to $120.50. Future contracts for the S&P 500 and Dow Jones Industrial Average futures each were up 0.8%.
RTX said it expects adjusted sales of $83 to $84 billion in 2025. Wall Street has been predicting $84.16 billion in annual sales. Management said this outlook doesn't incorporate the impact of the recently enacted incremental U.S. and non-U.S. tariffs.
Management expects 2025 adjusted EPS of $6 to $6.15. Wall Street has a forecast of $6.10 a share. Write to Karishma Vanjani at karishma.vanjani@dowjones.com.
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(END) Dow Jones Newswires
April 22, 2025 07:40 ET (11:40 GMT)
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