Earnings Preview: Textron

Published on Tuesday, 24 January 2012 12:00 Written by Christian Paolinetti

New York, January 24th (TradersHuddle.com) - Shares of Textron Inc. (NYSE:TXT) are trading higher by +0.64% ahead of its quarterly earnings release. Textron, the maker of Cessna business jets and Bell helicopters is expected to release its quarterly results on January 25^th.

Wall Street Analysts consensus calls for a profit of $0.34 a share on $3.24 billion revenue.

Textron estimates have a range of $0.2 a share. The high estimate calls for profit of $0.42 a share and the low estimate is calling for a profit of $0.22 a share, a year ago for the quarter the company reported $0.33 a share.

Textron Inc. (NYSE:TXT) is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. Its products include airplanes, helicopters, weapons, and automotive products. The finance division offers asset based lending, aviation, distribution, golf, and resort finance.

Other companies on the watch on this earnings event are Boeing Co. NYSE:BA and Honeywell International, Inc. NYSE:HON.