RTX beats Q1 profit estimates; shares down

RTX Corp RTX.N shares fall 8.3% to $115.72 in early trade

Posts better-than-expected Q1 profit as strong demand for jet repair and maintenance services helped offset weaker sales in defense unit

Q1 profit of $1.47 per share, compared with analysts' estimates of $1.35, according to data compiled by LSEG

Revenue of $20.31 bln also higher than expectations of $19.79 bln

15 of 26 brokerages rate the stock "buy" or higher, 10 "hold" and one "strong sell"; their median PT is $136 - LSEG data

As of last close, stock had fallen 9% YTD