Raytheon Technologies (RTX, Financial), a leader in aerospace and defense, saw its stock rise nearly 6%, reaching a record high of $132.43. The surge followed the release of its impressive fourth-quarter results. The company reported sales of $21.62 billion, marking an 8.5% increase year-over-year, surpassing analysts' expectations of $20.54 billion. Excluding certain one-time items, earnings per share came in at $1.54, beating the anticipated $1.38.
Looking ahead, Raytheon Technologies has provided a positive outlook for 2025. The company forecasts adjusted sales between $83 billion and $84 billion and adjusted earnings per share ranging from $6 to $6.15, aligning with analysts' expectations. This optimistic guidance further boosted investor confidence, contributing to the stock's upward momentum.
