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Textron Inc Lowers FY 2013 EPS Guidance


Friday, 18 Oct 2013 06:30am EDT 

Textron Inc announced that for fiscal 2013, earnings per share (EPS) from continuing operations is now $1.75 - $1.85. The Company's previous guidance for earnings per share from continuing operations guidance was $1.90 - $2.10. The Company is reducing its fiscal 2013 guidance to reflect lower margins at Bell due to manufacturing inefficiencies associated with the labor disruptions resulting from negotiations with bargained employees and implementation of a new enterprise resource planning system, and lower aircraft deliveries at Cessna. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.97 for fiscal 2013. 

Company Quote

37.89
0.55 +1.47%
11 Jul 2014