Shares of Textron Inc. (NYSE:TXT) are trading lower on Thursday despite the company posting stronger-than-expected second-quarter results.
What To Know: Textron reported adjusted earnings of $1.55 per share for the second quarter, slightly above the consensus estimate of $1.43 and marginally higher than the $1.54 reported a year ago. Revenue came in at $3.72 billion, beating expectations of $3.62 billion and marking a 5.4% increase year-over-year. The company attributed the growth to higher revenues in its commercial aircraft, helicopter, and military businesses, particularly the U.S. Army's MV-75 program under Bell.
