ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — RTX Corporation (RTX) on Tuesday reported a loss of $984 million in its third quarter.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 68 cents. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The an aerospace and defense company posted revenue of $13.46 billion in the period. Its adjusted revenue was $18.95 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $18.71 billion.
RTX expects full-year earnings in the range of $4.98 to $5.02 per share, with revenue expected to be $74 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