RTX Gains 1% After Q3 Profit Beats by 48 Cents on $24.97 Billion Revenue
Updated
Updated · CNBC · Oct 20
RTX Gains 1% After Q3 Profit Beats by 48 Cents on $24.97 Billion Revenue
3 articles · Updated · CNBC · Oct 20
Summary
RTX rose 1% premarket after posting third-quarter adjusted earnings of $2.26 a share on $24.97 billion in revenue, topping LSEG forecasts of $1.78 and $24.08 billion.
That beat stood out in a mixed premarket earnings tape: Northrop Grumman added 0.5% after an EPS beat despite a slight revenue miss, while GE Aerospace fell nearly 2% as free cash flow missed expectations.
General Motors dropped about 5% even after beating on third-quarter results, raising free-cash-flow expectations, narrowing 2026 guidance and announcing a new $20 billion buyback without a timetable.
Elsewhere, 3M gained 1% on an earnings beat, Steel Dynamics fell 5.3% on margin and EPS misses despite a backlog up 50% year over year, and Apple slipped 1% after a downgrade.