On Thursday, shares of RTX Corp (RTX.US) climbed more than 7% to $209.76.
This surge follows the company's release of its second-quarter financial results on July 23. The defense and aerospace firm reported net sales of $247.1 billion, a 14% increase year-over-year, significantly exceeding the market consensus estimate of $228.9 billion.
In response to the better-than-expected performance, RTX management raised its full-year guidance. The company now forecasts adjusted sales in the range of $950 billion to $960 billion, surpassing the market's expectation of $940.8 billion. Furthermore, the adjusted earnings per share outlook was lifted to between $7.10 and $7.25, above the anticipated $6.92.
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