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Textron beat on both sales and earnings this morning. Q1 profits grew 12% year over year -- three times faster than sales growth.
Textron's (TXT) first-quarter revenues miss the Zacks Consensus Estimate by 6.1%. The company's 2024 earnings outlook remains the same.
Although the revenue and EPS for Textron (TXT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business.
Investors with an interest in Aerospace - Defense stocks have likely encountered both Textron (TXT) and Airbus Group (EADSY). But which of these two stocks offers value investors a better bang for their buck right now?
Textron's (TXT) Q1 results are likely to gain from its solid performance in the majority of its business segments, driven by higher sales volumes and favorable pricing.
Here is how Textron (TXT) and VirTra, Inc. (VTSI) have performed compared to their sector so far this year.
Get a deeper insight into the potential performance of Textron (TXT) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Textron (TXT) announces that its enhanced fleet of Cessna High-Wing Piston aircraft has entered into service.