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Stock impact report

Textron tops Q1 expectations as shares climb [Yahoo! Finance]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The aerospace and defense group posted adjusted earnings per share of $1.45, beating the consensus estimate of $1.32 by $0.13. Revenue reached $3.7 billion, exceeding the $3.51 billion forecast and rising 12% from $3.3 billion in the same quarter last year. “Textron delivered double-digit revenue and EPS growth in the quarter,” said CEO Lisa M. Atherton. “Strong growth in Aviation deliveries, continued scaling of the MV-75 Cheyenne at Bell, excellent execution at Systems, and good performance at Industrial all contributed to a successful quarter.” The positive earnings surprise and solid revenue growth drove the stock higher following the release. Textron Aviation led performance among business units, generating revenue of $1.5 billion, up 22% year-over-year, supported by increased aircraft deliveries and stronger aftermarket services. The division delivered 37 jets, compared with 31 a year earlier, and 35 commercial turboprops versus 30 previously. Segment profit rose 26% to $ Show less Read more
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