Textron Posts Lower-than-Expected Q3 Earnings, Lowers '24 EPS View

Textron Inc. (TXT) reported third-quarter 2024 adjusted earnings of $1.40 per share, which missed the Zacks Consensus Estimate of$1.46 by 4.1%. The bottom line also declined 6% from $1.49 per share in the year-ago quarter.The company reported GAAP earnings of$1.18 per share, down from $1.35 per share reported in the third quarter of 2023.TXT’s RevenuesTXT reported total revenues of$3.43 billion, which missed the Zacks Consensus Estimate of $3.51 billion by 2.3%. However, revenues increased 2.5% from the ...