Textron (TXT) Tops Q1 EPS by 2c; Reaffirms

Textron (NYSE: TXT) reported Q1 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.15 billion.

“Increased revenues reflected growth at Industrial, Aviation and Systems, with relatively flat revenues at Bell, consistent with our expectations,” said Textron Chairman and CEO Scott C. Donnelly. “Operationally, we achieved margin improvements at each of our manufacturing segments.”

GUIDANCE:

Textron confirms FY2016 EPS of $2.60-$2.80, versus the consensus of $2.71.

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

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