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Textron (TXT) Beats on Q2 Earnings & Revenue Estimates
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Textron Inc. (TXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.
However, global political uncertainties and intensifying competition causes of concern.
Earnings Surprise History
Textron has reported a positive earnings surprise of 56.52% in the first quarter of 2018. Moreover, the company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 16.64%.
Textron has raised its guidance for 2018. The company currently expects 2018 earnings per share from continuing operations in the range of $3.15–$3.35 per share, compared to its earlier range of $2.95 - $3.15.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
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Textron (TXT) Beats on Q2 Earnings & Revenue Estimates
Textron Inc. (TXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.
However, global political uncertainties and intensifying competition causes of concern.
Earnings Surprise History
Textron has reported a positive earnings surprise of 56.52% in the first quarter of 2018. Moreover, the company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 16.64%.
Zacks Rank
Currently, Textron has a Zacks Rank #2 (Buy), but that could definitely change following Textron’s second-quarter 2018 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat: Our consensus called for second-quarter earnings per share (EPS) of 70 cents, and the company reported EPS of 87 cents.
Revenue Beat: Textron posted revenues of $3.73 billion in second-quarter, compared to our consensus estimate of $3.59 billion.
Textron Inc. Price and EPS Surprise
Textron Inc. Price and EPS Surprise | Textron Inc. Quote
Key Developments to Note
Textron has raised its guidance for 2018. The company currently expects 2018 earnings per share from continuing operations in the range of $3.15–$3.35 per share, compared to its earlier range of $2.95 - $3.15.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>