Reported about 8 hours ago
Textron has forecasted its 2025 profits to fall short of estimates, projecting earnings between $6.00 and $6.20 per share, compared to analyst expectations of $6.40. This comes after the company faced a decline in quarterly revenues due to the impact of a September strike and softening demand in its industrial segment. The company reported a 7.2% decrease in fourth-quarter revenue, totaling $3.61 billion, and experienced a significant drop in aircraft deliveries, contributing to a challenging business outlook.
Source: YAHOO