Textron (TXT) Misses Q1 EPS by 12c

Textron (NYSE: TXT) reported Q1 EPS of $0.35, $0.12 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $2.78 billion versus the consensus estimate of $2.97 billion.

Outlook

“Textron is well-prepared to handle this period of uncertainty. Our financial profile consists of ample liquidity and diversified revenue streams. We are confident in the actions we are taking during this downturn and we expect them to position us for success as we begin to exit this global shutdown,” said Textron Chairman and CEO Scott C. Donnelly.

For earnings history and earnings-related data on Textron (TXT) click here.

You May Also Be Interested In

• Westinghouse said to seek over $50 billion valuation in planned IPO
• Barclays says AI trade is maturing, favors greater diversification
• Lennar Corp. (LEN) Misses Q3 EPS by 10c