Textron (NYSE: TXT) reported Q1 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.17 billion.

"Overall, revenues and profit were down in the quarter consistent with our expectations,” said Textron Chairman and CEO Scott C. Donnelly. “We are continuing to execute our restructuring plan while maintaining our focus on new product investment and the integration of acquired businesses, all of which will have a positive impact on our long term growth outlook.

GUIDANCE:

Textron sees FY2017 EPS of $2.40-$2.60, versus the consensus of $2.58.

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