Textron Inc. Manufactures a Mixed Quarter, Reduces Earnings Guidance

Textron Inc. Manufactures a Mixed Quarter, Reduces Earnings Guidance

Textron Inc. (NYSE: TXT) announced mixed third-quarter 2017 results on Thursday morning, highlighting solid top-line performances from Bell Helicopter and the Textron Systems division. But that growth was once again partially offset by a decline from Textron Aviation. With profitability headwinds from its industrial business, Textron followed by modestly reducing its earnings outlook for the full year.

After falling as much as 4.6% early in the day, Textron stock ultimately settled to close down around 0.9%. Let's take a closer look, then, at how the leading industrial conglomerate kicked off the second half of the year, as well as what investors can expect going forward.

IMAGE SOURCE: TEXTRON/BELL HELICOPTER.

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Source: Fool.com