Textron Raises FY23 Outlook, Now Expects Adjusted ESP From Continuing Operations Of $5.20 To $5.30, (Prior View $5.00 To $5.20) Vs. $5.15 Consensus
Portfolio Pulse from Benzinga Newsdesk
Textron has raised its FY23 outlook, now expecting adjusted earnings per share from continuing operations to be in the range of $5.20 to $5.30, up from the previous outlook of $5.00 to $5.20. The company reiterated its expectation for cash flow from continuing operations of the manufacturing group before pension contributions of $0.9 billion to $1.0 billion.
July 27, 2023 | 10:36 am
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POSITIVE IMPACT
Textron's raised FY23 outlook could potentially lead to a positive impact on its stock price in the short term.
Textron's raised outlook for FY23 indicates a stronger financial performance than previously expected. This could make the company's stock more attractive to investors, potentially leading to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100