Textron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance
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Textron (TXT) PT Lowered to $73 at Vertical Research Partners Amid Weak Qtr
October 18, 2018 1:07 PM EDTVertical Research Partners analyst Robert Stallard lowered the price target on Textron (NYSE: TXT) to $73.00 (from $75.00) while maintaining a Buy rating following weak Q3 results as Textron ran into problems in its Industrial division.
On the call, Management commented that the... More
Textron (TXT) Misses Q3 EPS by 15c, Revenues Miss; FY18 EPS Guidance Range Narrowed
October 18, 2018 6:32 AM EDTTextron (NYSE: TXT) reported Q3 EPS of $0.61, $0.15 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.53 billion.
$468 million returned to shareholders through share repurchasesCompleted sale of Tools & Test product lineFull-year... More