Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million

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Go back to Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million

Textron (TXT) PT Raised to $73 at Cowen Following 1Q

April 19, 2018 8:20 AM EDT

Cowen raised its price target on Textron (NYSE: TXT) to $73.00 (from $70.00) while maintaining a Outperform rating following the company's 1Q. Adj. Q1 EPS of $0.72 (+57% Y/Y) beat consensus by 24¢ on strong ops ex. Gains were led by Systems and Aviation.

Cowen... More

Textron (TXT) Q1 Revenue Tops Views

April 18, 2018 6:33 AM EDT

Textron (NYSE: TXT) reported Q1 EPS of $0.72, may not compare to the analyst estimate of $0.52. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.09 billion.

GUIDANCE:

Textron sees Q2 2018 EPS of $2.95-$3.15, versus the consensus of $3.08.

Textron confirmed... More