Market Overview

Textron: Q3 Earnings Insights

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Shares of Textron (NYSE:TXT) decreased 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 44.21% year over year to $0.53, which beat the estimate of $0.36.

Revenue of $2,735,000,000 decreased by 16.08% year over year, which missed the estimate of $2,810,000,000.

Outlook

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

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

Details Of The Call

Date: Oct 29, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.textron.com%2F&eventid=2396386&sessionid=1&key=A3E3C01DE1A84A92B37AD3976E5AABC1&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $51.53

Company's 52-week low was at $20.26

Price action over last quarter: down 8.16%

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.

 

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Posted-In: Earnings News