Textron shares are trading lower after the company reported Q3 adjusted EPS and sales below estimates and lowered its FY24 adjusted EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Textron shares declined after the company reported Q3 adjusted EPS and sales below estimates and lowered its FY24 adjusted EPS guidance.
October 24, 2024 | 10:37 am
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Textron's Q3 earnings and sales missed estimates, and the company lowered its FY24 EPS guidance, leading to a decline in share price.
The company's Q3 performance was below expectations, and the reduction in FY24 EPS guidance suggests potential challenges ahead, negatively impacting investor sentiment and causing the stock price to drop.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100