RTX Corp (NYSE: RTX) shares surged 5.69% in pre-market trading on Tuesday following the release of its third-quarter earnings report, which exceeded analysts' expectations and prompted the company to raise its full-year guidance.
The aerospace and defense giant reported adjusted earnings per share of $1.70 for Q3, significantly beating the Ibes estimate of $1.41. Revenue also outperformed, coming in at $22.48 billion compared to the expected $21.31 billion. The strong performance was further underscored by an impressive $37 billion in new awards secured during the quarter, boosting the company's backlog to $251 billion.
In light of these robust results, RTX has revised its 2025 outlook upwards. The company now projects adjusted sales between $86.5 billion and $87 billion, up from its previous guidance of $84.75 billion to $85.5 billion. Additionally, RTX raised its adjusted EPS forecast to a range of $6.10 to $6.20, compared to the earlier projection of $5.80 to $5.95. The improved outlook, coupled with the strong Q3 performance, appears to be driving investor optimism and contributing to the stock's pre-market rally.