Why Textron Stock Slumped Today
Textron (NYSE: TXT) stock tumbled to close down 7.1% Thursday, despite beating analyst forecasts this morning.
Heading into the quarter, Wall Street had Textron pegged for a $1.45 per-share profit on $3.65 billion in quarterly sales. In fact, Textron earned $1.55 per share on sales of $3.7 billion.
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Source Fool.com