Textron Inc. (TXT Quick QuoteTXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.

However, global political uncertainties and intensifying competition causes of concern.

Earnings Surprises

Textron has reported positive results in the recent past. The company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 2.01%.

Zacks Rank

Currently, Textron has a Zacks Rank #4 (Sell), but that could definitely change following Textron’s earnings report which was just released. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings Beat: Our consensus called for second quarter EPS of 63 cents, and the company reported EPS of 66 cents.

Revenue Beat: Textron posted revenues of $3,511 million in second quarter, compared to our consensus estimate of $3,331 million.

Key Developments to Note

Textron reaffirmed its earnings guidance to $2.60 − $2.80 per share.

Check back later for our full write up on this Textron earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>