WASHINGTON - RTX, the industrial conglomerate, reported on Tuesday that its fourth-quarter revenue saw a 10% increase, with earnings reaching $1.29 per share, surpassing market expectations. The positive earnings news sent the company's shares up to $88.35 in premarket trading, marking a 3.8% rise from the previous close.
Despite the robust quarterly performance, RTX provided a revenue outlook for 2024 that fell short of analysts' forecasts. The company anticipates revenues to be between $78 billion and $79 billion, which is below the expected $79.67 billion projected by market experts.
The stock's trajectory over the past year has been less favorable, with a decline ranging from 5% to 16.6%. However, RTX has experienced some recovery since the beginning of the year, showing a slight upward trend in its share price.
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