Textron Q2 EPS $1.46 Beats $1.21 Estimate, Sales $3.42B Beat $3.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Textron (NYSE:TXT) reported Q2 earnings of $1.46 per share, beating the analyst consensus estimate of $1.21 by 20.66%. This is a 46% increase from the same period last year. The company also reported quarterly sales of $3.42 billion, beating the estimate of $3.41 billion by 0.41%, a 8.56% increase from last year.
July 27, 2023 | 10:32 am
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POSITIVE IMPACT
Textron's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Textron's better-than-expected Q2 earnings and sales indicate a strong financial performance, which is a key factor investors consider when making investment decisions. This could potentially lead to increased investor confidence and a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100