ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — RTX Corporation (RTX) on Tuesday reported first-quarter profit of $1.71 billion.
On a per-share basis, the Arlington, Virginia-based company said it had net income of $1.28. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The an aerospace and defense company posted revenue of $19.31 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $18.41 billion.
RTX expects full-year earnings in the range of $5.25 to $5.40 per share, with revenue in the range of $78 billion to $79 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RTX at https://www.zacks.com/ap/RTX
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