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RTX Just Sent Investors a Massive Warning

TheMotleyFool

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RTX Just Sent Investors a Massive Warning: https://g.foolcdn.com/editorial/images/742304/airbus-a320-take-off.jpg

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