Textron (TXT) Tops Q2 EPS by 5c, Reaffirms Outlook

Textron (NYSE: TXT) reported Q2 EPS of $0.60, $0.05 better than the analyst estimate of $0.55. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.57 billion.

Outlook

Textron reiterated its full-year 2017 GAAP earnings per share from continuing operations guidance of $2.22 to $2.45, or $2.40 to $2.60 on an adjusted basis (non-GAAP), which is reconciled to GAAP in an attachment to this release. The company also confirmed its net cash provided by operating activities of continuing operations of the manufacturing group guidance of $1,045 million to $1,145 million and manufacturing cash flow before pension contributions (the non-GAAP measure) of $650 to $750 million

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

You May Also Be Interested In

• Solstice acquiring Element Solutions in $14.5B cash and stock deal
• Middleby completes spin-off of food processing unit as Midera
• Lynx Equity on Lam Research (LRCX): 'Closing in on full valuation'