Textron Reports Third Quarter Earnings Beat and Raises Full-Year Guidance
Textron (NYSE: TXT) reported third-quarter financial results that exceeded analyst expectations, posting a Non-GAAP earnings per share (EPS) of $1.76, which surpassed consensus by $0.32. The company's revenue reached $3.8 billion, representing a 5.6% increase year-over-year and beating estimates by $30 million. Driven by growth in its aerospace and defense segments and supported by a record backlog, Textron has raised its full-year outlook. The company now expects adjusted EPS to fall between $6.55 and $6.65, exceeding the previous consensus of $6.47, while also increasing its cash flow guidance to a range of $800 million to $900 million.
Tickers: $TXT
Topics: aerospace and defense earnings beat guidance raise revenue growth
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