Textron crashes after missing Q3 estimates and narrowing guidance

Textron Inc. (TXT) missed analysts’ expectations on both revenues and earnings for the third quarter of 2018 and narrowed its full-year 2018 adjusted EPS guidance, sending the shares tumbling over 10% in premarket hours on Thursday. Total revenues dropped to $3.2 billion during the quarter from $3.4 billion in the prior-year period, reflecting declines at … Continue reading Textron crashes after missing Q3 estimates and narrowing guidance