Textron Inc. (TXT) reported first quarter income from continuing operations of $0.40 per share Wednesday morning, down from $0.41 per share last year. The consensus estimate was for EPS of $0.46. Textron slashed its 2013 earnings from continuing operations guidance to a range of $1.90 to $2.10 per share from the prior forecast in the range of $2.10 to $2.30 per share. The consensus estimate is for earnings of $2.26 per share.
Textron gapped open sharply lower Wednesday and declined during the first half hour of trade. The stock finished down by 3.94 at $25.41 on the highest volume of the year. Textron sank to a 3 1/2 month low and fell below its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.