Textron misses by $0.15, misses on revs; guides FY18 EPS in-line
- Reports Q3 (Sep) earnings of $0.61 per share, excluding non-recurring items, $0.15 worse than the S&P Capital IQ Consensus of $0.76; revenues fell 8.2% year/year to $3.2 bln vs the $3.52 bln S&P Capital IQ Consensus.
- Co issues narrows guidance for FY18, sees EPS of $3.20-3.30 from $3.15-3.35, excluding non-recurring items, vs. $3.34 S&P Capital IQ Consensus. The company reaffirms full-year manufacturing cash flow before pension contributions (a non-GAAP measure) to be in a range of $750 to $850 million.
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