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Stock impact report

Textron Posts Lower-than-Expected Q3 Earnings, Lowers '24 EPS View [Yahoo! Finance]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company reported GAAP earnings of $1.18 per share, down from $1.35 per share reported in the third quarter of 2023. TXT reported total revenues of $3.43 billion, which missed the Zacks Consensus Estimate of $3.51 billion by 2.3%. However, revenues increased 2.5% from the year-ago quarter's level of $3.34 billion. Manufacturing revenues improved 2.6% year over year to $3.42 billion. Textron Inc. price-consensus-eps-surprise-chart | Textron Inc. Quote Textron Aviation : Revenues from this segment were almost flat year over year at $1.34 billion. This was primarily due to higher pricing, offset by lower volume and mix. The segment generated an operating profit of $128 million compared with $160 million in the year-ago period. This decline can be attributed to the lower volume and mix. Textron Aviation delivered 41 jets, up from 39 in the year-ago quarter. It also delivered 25 commercial turboprops, down from 38 in the third quarter of 2023. The segment's order backlog Show less Read more
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