Textron Beats on EPS, Misses on Revenue
(NYSE:TXT), a multifaceted industrial company known for its aviation and defense businesses, released its fourth-quarter 2024 earnings results on Jan. 22. The company posted adjusted earnings per share (EPS) of $1.34, surpassing the consensus expectation of $1.28 by 4.7%. Revenue reached $3.613 billion, slightly missing the expected $3.748 billion. Despite certain segmental headwinds, ended the quarter on a positive note.
Source: Analysts' estimates for the quarter provided by FactSet.
Textron is a prominent player in both the commercial and military manufacturing sectors. Its Textron Aviation unit, known for aircraft brands like Cessna and Beechcraft, and the Bell segment, known for military and commercial helicopters, form the backbone of its operations. The company's diversification across multiple sectors balances risk.
Source Fool.com
Textron Inc. Stock
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