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Providence, Rhode Island-based Textron Inc. (TXT) is a global multi-industry company that manufactures aircraft, automotive engine components, and industrial tools. Valued at $15.5 billion by market cap, Textron operates through Textron Aviation, Bell, Textron Systems, Industrial, Textron Aviation, and Finance segments.
The industrial sector major is set to announce its third-quarter results before the market opens on Thursday, Oct. 23. Ahead of the event, analysts expect Textron to deliver an adjusted profit of $1.46 per share, up 4.3% from $1.40 per share reported in the year-ago quarter. The company has a mixed earnings surprise history. While it surpassed the Street’s bottom-line estimates thrice over the past four quarters, it missed projections on one other occasion.