India, July 22 -- RTX Corporation (RTX) Tuesday reported net profit of $1.657 billion or $1.22 per share for the second quarter, significantly higher than $111 million or $0.08 per share in the comparable quarter last year. In the previous-year quarter, the company had recorded certain other expenses of $896 million.
Excluding one-time items, adjusted net income increased to $2.118 billion or $1.56 per share from $1.895 billion or $1.41 per share in the prior year. On average, 17 analysts expected earnings of $1.43 per share. Analysts' estimates typically exclude special items.
Operating income rose to $2.146 billion from $529 million last year.
Sales for the quarter grew to $21.581 billion from $19.721 billion in the previous year. The ...