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RTX RTX Corporation

101.40
-0.49 (-0.48%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
RTX Corporation NYSE:RTX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.49 -0.48% 101.40 102.17 100.67 101.83 13,324,870 01:00:00

Raytheon Technologies Lowers 2022 Free Cash Flow Forecast Due to Capitalization Legislation

13/09/2022 10:50pm

Dow Jones News


RTX (NYSE:RTX)
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By Denny Jacob

 

Raytheon Technologies Corp. said it now expects free cash flow in 2022 to be about $4 billion instead of $6 billion.

The aerospace supplier said the change to its full year 2022 financial outlook accounts for the impact of legislation requiring capitalization of research and experimentation for tax purposes.

The company maintained its full year outlook for sales between $67.75 billion to $68.75 billion and adjusted earnings of $4.60 to $4.80 a share.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

September 13, 2022 17:35 ET (21:35 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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