Textron Q2 2024 Adj EPS $1.54 Beats $1.49 Estimate, Sales $3.527B Miss $3.554B Estimate
Portfolio Pulse from Benzinga Newsdesk
Textron (NYSE:TXT) reported Q2 2024 adjusted EPS of $1.54, beating the estimate of $1.49. However, sales of $3.527 billion missed the estimate of $3.554 billion. Sales increased by 3.01% year-over-year.
July 18, 2024 | 10:35 am
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POSITIVE IMPACT
Textron's Q2 2024 earnings per share beat estimates, but sales fell short. Despite the sales miss, the year-over-year growth in sales is a positive indicator.
The beat on EPS is a positive sign and may boost investor confidence, leading to a potential short-term increase in stock price. The slight miss on sales is less concerning given the year-over-year growth.
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