Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Textron Inc. (NYSE:TXT) reported second-quarter revenue growth of 29.1% year-over-year to $3.19 billion, beating the consensus of $2.92 billion.
- Revenue by segments: Textron Aviation $1.16 billion (+55.4% Y/Y), Bell $891 million (+8.4% Y/Y), Textron Systems $333 million (+2.1% Y/Y) and Industrial $794 million (+41.3% Y/Y).
- Adjusted EPS of $0.81 topped the consensus of $0.65.
- The segment profit increased to $289 million from $81 million a year ago, and the margin expanded by 575 bps to 9.1%.
- Textron generated cash from operating activities of $572 million, compared to $245 million a year ago.
- Backlog at the end of the quarter for Aviation was $2.7 billion, Bell was $4.8 billion, and Textron Systems was $2.3 billion.
- Outlook: Textron expects FY21 EPS from continuing operations of $2.97 - $3.21 or $3.00 - $3.20 on an adjusted basis, up $0.20 from its previous outlook. The analysts' consensus stands at $3.13.
- It also expects cash flow from continuing operations of the manufacturing group before pension contributions of $800 million to $900 million, up $200 million.
- Price Action: TXT shares traded higher by 0.68% at $69.57 in the premarket session on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!