Textron Q2 Earnings Beat Estimates; Raises Outlook - Quick Facts

Textron Inc. (TXT) reported second-quarter earnings per share above analysts' estimates. Looking forward, the company raised its full-year EPS guidance by $0.10.

For the second-quarter, net income was $0.93 per share, compared to $0.87 per share in the second quarter of 2018. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.86 for the quarter. Analysts' estimates typically exclude special items.

Second-quarter total revenues declined to $3.23 billion from $3.73 billion, prior year. Analysts expected revenue of $3.44 billion for the quarter.

Textron now expects 2019 earnings per share from continuing operations to be in a range of $3.65 to $3.85. Analysts expect the company to report profit per share of $3.70.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT