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TXT Textron Inc

85.59
0.22 (0.26%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Textron Inc NYSE:TXT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 0.26% 85.59 86.25 85.19 86.21 1,388,862 01:00:00

Textron Shares Fall With Weaker 2Q Results

17/07/2019 4:46pm

Dow Jones News


Textron (NYSE:TXT)
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From May 2019 to May 2024

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By Dave Sebastian

 

Shares of Textron Inc. (TXT) fell more than 6% Wednesday after it reported lower second-quarter profit and revenue.

The aircraft, defense and industrial provider saw a sales decline in its Textron Aviation segment as volume and mix across the commercial turboprop and defense product lines were lower in the second quarter.

The price decline also came after the Textron-owned Cessna's initial contract with France's Safran SA (SAF.FR) was terminated after Textron decided to put on hold its Hemisphere aircraft program, for which Safran Aircraft Engines' Silvercrest had been selected.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

July 17, 2019 11:31 ET (15:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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