Comment on Why Textron Stock Tumbled After Earnings

Why Textron Stock Tumbled After Earnings

Textron (NYSE: TXT) shares closed the week down 1.5% after reporting earnings Wednesday. The maker of Bell helicopters, Cessna and Beechcraft small aircraft, and Shadow unmanned aerial vehicles met analyst estimates for fiscal Q1 2017 "pro forma" earnings per share of $0.46. Textron missed on revenue, however, reporting $3.09 billion in sales for the quarter, versus Wall Street's projected $3.17 billion.

 

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