Textron's (TXT) Q1 Earnings Lag Estimates, Revenues Rise Y/Y

Textron Inc. (TXT) reported first-quarter 2024 adjusted earnings of $1.20 per share, which lagged the Zacks Consensus Estimate of$1.28 by 6.3%. However, the bottom line improved 14.3% from the year-ago quarter’s figure of $1.05 per share.The company reported GAAP earnings of$1.03 per share, up from 92 cents registered in the first quarter of 2023.RevenuesTXT reported total revenues of $3.14 billion, which missed the Zacks Consensus Estimate of$3.34 billion by 6.1%. However, the reported figure increased ...