Benzinga | Oct 29, 2020 06:33AM EDT

Textron Q3 EPS $0.53 Beats $0.36 Estimate, Sales $2.73B Miss $2.81B Estimate

Textron (NYSE:TXT) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.36 by 47.22 percent. This is a 44.21 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $2.73 billion which missed the analyst consensus estimate of $2.81 billion by 2.67 percent. This is a 16.08 percent decrease over sales of $3.26 billion the same period last year.