Why Textron Stock Tumbled Today
Textron (NYSE: TXT) stock fell 8.2% through 10:05 a.m. ET Tuesday after meeting analyst sales forecasts and beating on earnings. Analysts forecast Textron would earn $1.54 per share on $3.8 billion in sales in Q2, and the company actually earned more -- $1.62 per share -- on the same expected revenue: $3.8 billion.
This isn't the reaction to an "earnings beat" that you'd ordinarily expect, so what went wrong?
Image source: Getty Images.
Source Fool.com
Textron Inc. Stock
€74.00
-1.120%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Textron Inc..
As a result the target price of 95 € shows a positive potential of 28.38% compared to the current price of 74.0 € for Textron Inc..
