Categories Earnings, LATEST, Technology

Textron Inc (TXT): Q4 2019 Earnings Snapshot

— Textron Inc (NYSE: TXT) reported fourth-quarter 2019 adjusted earnings of $1.11 per share, vs. $1.09 per share expected.

Textron Inc (TXT): Q4 2019 Earnings Snapshot

— Net profit, on an unadjusted basis, dropped to $199 million or $0.87 per share from $246 million or $1.02 per share in the fourth quarter of 2018

— Revenues grew 7.6% annually to $4.04 billion, vs. $3.95 billion expected

— During the quarter, new Citation Longitude entered service with 13 aircraft deliveries

— Expects full-year 2020 earnings to be in the range of $3.50 per share to $3.70 per share

— Looking for full-year revenues of $14 billion, up from $13.6 billion in the prior year

— Expects net cash provided by operating activities of continuing operations to be between $1.01 billion and $1.11 billion, for the manufacturing group

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Also Read:  Usa Technologies Inc. (USAT) Q4 2020 Earnings Call Transcript

Most Popular

COVID-19 drove retailers up the digital path years ahead than anticipated

Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to

Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles

Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming

Adobe (ADBE) sees new tailwinds as virtual shift gathers steam

The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related

One thought on “Textron Inc (TXT): Q4 2019 Earnings Snapshot

Comments are closed.

Top