Textron (TXT) Tops Q3 EPS by 3c; Raises Cash Flow Guidance

Textron (NYSE: TXT) reported Q3 EPS of $0.65, $0.03 better than the analyst estimate of $0.62. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.55 billion.

GUIDANCE:

Textron sees FY 2017 EPS of $2.40-$2.50, versus the consensus of $2.52.

The company is increasing its expected full-year manufacturing cash flow before pension contributions (a non-GAAP measure) by $150 million to a range of $800 to $900 million. With expected pension contributions of about $355 million, net cash provided by operating activities of continuing operations of the manufacturing group is now expected to be in a range of $895 million to $995 million.

For earnings history and earnings-related data on Textron (TXT) click here.

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