ARLINGTON, Va. (AP) 鈥� ARLINGTON, Va. (AP) 鈥� RTX Corporation (RTX) on Tuesday reported first-quarter profit of $2.06 billion.
The Arlington, Virginia-based company said it had net income of $1.51 per share. Earnings, adjusted for one-time gains and costs, were $1.78 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The an aerospace and defense company posted revenue of $22.08 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $21.55 billion.
RTX expects full-year earnings in the range of $6.70 to $6.90 per share.
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