Raytheon Technologies (RTX) exceeded second-quarter consensus and updated its outlook.
RTX's adjusted eps for the second quarter of 2024 was $1.41, surpassing the forecast of $1.30, with revenue of $19.7 billion, exceeding the forecast of $19.28 billion.
Raytheon Technologies press release (NYSE: RTX): Non-GAAP EPS of $1.41 for the second quarter exceeds by $0.11.
Revenue of $19.7 billion (7.5% increase year-on-year), exceeding by $0.42 billion20 million.
Adjusted revenue increased by 8% year-on-year to $19.8 billion.
Updated full-year outlook for 2024: Adjusted revenue is expected to range from $78.7 billion to $79.5 billion, adjusted eps from $5.35 to $5.45, free cash flow to decrease from approximately $5.7 billion to approximately $4.7 billion.
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