NYSE:TXTAerospace & Defense
Textron (TXT) Stock Sinks As Margin Strain Clouds Steady Sales
Textron stock just absorbed a 6% hit in a single session, even though the headline numbers point to a steadier story than the price chart suggests. Coming into today, shares had been roughly flat over three months. The sharp move followed Q2 adjusted earnings per share of US$1.62 and revenue of US$3.8b, alongside reiterated full year guidance.
The real fault line is sentiment around profit quality, not revenue volume. Segment profit held at about US$353m, as investors focused on manufacturing...