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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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