Why RTX Corporation (RTX) Crashed on Tuesday
From Yahoo Finance: 2025-04-23 12:03:00
Wall Street rebounded from a rough day as investors hope for easing US-China trade tensions. The Dow Jones rose by 2.66%, the S&P 500 by 2.51%, and the Nasdaq by 2.71%. Despite this, 10 companies, mainly gold miners, saw heavy selling due to lower gold prices. RTX Corporation (NYSE:RTX) dropped 9.81% to $113.75 on Tuesday after a tough Q1 performance. Reported net income fell 10% to $1.5 billion, but adjusted net income rose 11% to $1.99 billion. Sales were up 5% to $20.3 billion, with full-year sales expected to be between $83 billion and $84 billion. CEO Chris Calio remains confident in the company’s performance.
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