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Stock impact report

Why Textron, Inc. Stock Dropped 25% in October [The Motley Fool]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: The Motley Fool
The industrial conglomerate plunged after its latest quarterly report. Here's what investors need to know now. Steve Symington ( TMFSymington ) Nov 13, 2018 at 6:04PM What happened Shares of Textron Inc. ( NYSE:TXT ) fell 25% in October, according to data from  S&P Global Market Intelligence , after the aerospace and defense conglomerate announced disappointing third-quarter 2018 results .  To be sure, Textron fell 11% on Oct. 18, 2018 alone, the same day it revealed quarterly revenue had fallen 8.2% year over year to $3.2 billion, translating to a similar modest decline in earnings from continuing operations, to $0.61 per share. Most analysts were modeling earnings of $0.76 per share on revenue of $3.53 billion. IMAGE SOURCE: TEXTRON So what Textron's falling revenue streams were broad-based as well. Aviation segment sales declined Show less Read more
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