October 17, 2012 at 14:35 PM EDT
Textron Profit Misses As Demand For Aircraft Drops
Textron (TXT) reported a 6.7% rise in third-quarter earnings on Wednesday. But it was not enough to beat Wall Street estimates as demand for its military and business aircraft fell. Still Textron raised its 2012 guidance. The helicopter and airplane maker said Q3 earnings were 48 cents per share, three cents below analysts' estimates. Revenue rose 6.6% to $3 billion, in line with expectations. Shares tumbled 7% to 24.63 in afternoon trading
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here