Textron down after missing 2025 profit estimates

Textron

22/01/2025 13:15

** Shares of the Cessna business jet maker Textron  TXT.N 
down ~1.5% at $80.01 in premarket trade
    ** TXT's 2025 profit forecast falls short of analyst
expectations as it reels from labour action in its aviation
segment and demand softness in the industrial segment
    ** Co expects 2025 adj EPS between $6.00 and $6.20 vs.
analysts' estimates of $6.40, according to data compiled by LSEG
    ** Sees 2025 rev at ~$14.7 billion, below analysts' estimate
of $14.75 billion
    ** TXT delivers 32 jets during Q4, down from 50 a year ago,
and 38 commercial turboprops vs. 44 last year
    **  Q4 rev of $3.61 billion also misses analysts
expectations of $3.81 billion 
    ** As of last close, shares up ~6.2% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))