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BUZZ-Textron down after missing 2025 profit estimates

ReutersJan 22, 2025 1:15 PM

Shares of the Cessna business jet maker Textron TXT.N down ~1.5% at $80.01 in premarket trade

TXT's 2025 profit forecast falls short of analyst expectations as it reels from labour action in its aviation segment and demand softness in the industrial segment

Co expects 2025 adj EPS between $6.00 and $6.20 vs. analysts' estimates of $6.40, according to data compiled by LSEG

Sees 2025 rev at ~$14.7 billion, below analysts' estimate of $14.75 billion

TXT delivers 32 jets during Q4, down from 50 a year ago, and 38 commercial turboprops vs. 44 last year

Q4 rev of $3.61 billion also misses analysts expectations of $3.81 billion

As of last close, shares up ~6.2% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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