RTX Just Sent Investors a Massive Warning
Last week must have felt like a lousy time to own shares of (NYSE: RTX) stock.
The giant defense contractor once known simply as Raytheon announced it had beaten second-quarter earnings estimates, with sales coming in more than $600 million ahead of analyst forecasts, and earnings beating by more than a dime. But it also announced its earnings and free cash flow in the future could be quite a bit less than even the most pessimistic analysts had been hoping.
Even worse, the main reason for the downbeat forecast was RTX's own fault.
Source Fool.com
