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Why RTX Stock Is Down Today

TheMotleyFool

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Why RTX Stock Is Down Today: https://g.foolcdn.com/editorial/images/826069/ce-gtf-mirabel.png

Aerospace conglomerate RTX (NYSE: RTX) beat quarterly expectations but warned today that tariffs and taxes will take their toll in the quarters to come. The stock is under pressure on Tuesday and is down 2% as of 12:30 ET.

Image source: RTX.

RTX was formed from the merger of defense-focused Raytheon and the largely commercial aerospace business of United Technologies. It earned $1.56 per share in the second quarter on revenue of $21.6 billion, topping Wall Street's consensus estimate for $1.43 per share on $20.6 billion in sales. Revenue was up 9% year over year, driven by strong double-digit growth on the commercial side.

Source Fool.com