Textron marginally higher after Q1 results beat estimates

Textron

24/04/2025 15:31

** Cessna business jet maker Textron's TXT.N shares marginally rise ~1% to $67

** Company's Q1 results beat estimates on sustained strength in its Bell segment as well as robust demand for aftermarket parts and services in company's Aviation segment

** Posts Q1 adj EPS of $1.28/shr vs est $1.12/shr - LSEG

** Reports Q1 revenue of $3.31 bln vs est $3.25 bln

** 8 of 17 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; median PT $89.82

** As of last close, stock down 13.4% vs 4.35% increase in S&P 500 Aerospace & Defense (Industry) index .SPLRCAED

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))