RTX(NYSE:RTX) Results for the third quarter of 2024 Key Financial Results
• Revenue: $20.1 billion (up 49% from 3Q 2023).
• Net profit: $1.47 billion (compared to a loss of $984.0 million in the third quarter of 2023).
• Profit margin: 7.3% (compared to a net loss in the third quarter of 2023). The move into profit was driven by higher revenues.
• EPS: $1.10 (compared to a loss of $0.68 in the third quarter of 2023). NYSE: RTX profit and revenue growth October 23, 2024 All numbers in the chart above refer to the last 12 months (TTM) RTX revenues and results exceed expectations Revenue exceeded analyst estimates by 1.4%.
Earnings per share (EPS) also exceeded analyst estimates by 4.6%. An average annual revenue growth forecast of 4.8% for the next three years, compared to a growth forecast of 3.5% for the US aerospace and defense industry. Development of the US aerospace and defense industry. The company’s stock price has remained largely unchanged compared to the previous week. Risk analysis We should mention that we have identified 3 warning signs for RTX that you should consider before investing here. The valuation is complex, but we are here to simplify it. Find out if RTX is undervalued or overvalued with our detailed analysis, which includes fair value estimates, potential risks, dividends, insider trades, and the company’s financial position. Access the free analysis Do you have feedback on this article? Are you concerned about the content? Contact us directly. You can also email us at editorial-team (at) simplywallst.com. This article from Simply Wall St is of a general nature. We provide comments based solely on historical data and analyst forecasts, using an unbiased methodology, and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to provide you with a long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in the stocks mentioned.
