RTX: accelerated share buybacks in line with results
(CercleFinance.com) - Alongside its quarterly results, RTX (formerly Raytheon) reports that its Board of Directors has approved an accelerated $10bn share buyback program, which begins almost immediately.
For FY 2023, it is raising its adjusted EPS target range to $4.95 to $5.05 (from $4.98 to $5.02), for adjusted sales of around $74bn (compared with previous estimates of $73bn to $74bn).
For Q3, the aerospace and defense group announced adjusted EPS that is up 3% to $1.25, adjusted sales that rose 12% to $19bn, and an order backlog of $190bn.
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For FY 2023, it is raising its adjusted EPS target range to $4.95 to $5.05 (from $4.98 to $5.02), for adjusted sales of around $74bn (compared with previous estimates of $73bn to $74bn).
For Q3, the aerospace and defense group announced adjusted EPS that is up 3% to $1.25, adjusted sales that rose 12% to $19bn, and an order backlog of $190bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.