Textron: Q2 Earnings Insights

Shares of Textron TXT were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 86.02% year over year to $0.13, which beat the estimate of ($0.08).

Revenue of $2,472,000,000 decreased by 23.40% year over year, which beat the estimate of $2,350,000,000.

Outlook

Textron hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 30, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.textron.com%2Finvestors%2Fevents-and-presentations%2Fdefault.aspx&eventid=2386583&sessionid=1&key=A18121D7901018EC7B2335355036AB2C&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $52.87

Company's 52-week low was at $20.26

Price action over last quarter: Up 30.70%

Company Profile

Textron Inc is engaged in diversified business. The company's operating segment include Textron Aviation, Bell, Textron Systems, Industrial and Finance. It generates maximum revenue from the Textron Aviation segment. Textron Aviation segment manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. It also has two principal product lines: aircraft and aftermarket parts and services. Aircraft includes sales of business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft and Aftermarket parts and services include commercial parts sales, and maintenance, inspection, and repair services. Geographically, it derives a majority of revenue from the United States.

Posted In: EarningsNews

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