Textron Q3 2024 Adj. EPS $1.40 Misses $1.49 Estimate, Sales $3.427B Miss $3.505B Estimate
Portfolio Pulse from Benzinga Newsdesk
Textron reported Q3 2024 earnings per share of $1.40, missing the analyst estimate of $1.49. Sales were $3.427 billion, below the expected $3.505 billion, but up 2.51% from last year.
October 24, 2024 | 10:32 am
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NEGATIVE IMPACT
Textron's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.40 vs. $1.49 expected and sales at $3.427B vs. $3.505B expected. Despite the miss, sales increased by 2.51% year-over-year.
Textron's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100