Textron beats by $0.17, misses on revs; guides FY19 EPS above consensus, revs below consensus
- Reports Q4 (Dec) earnings of $1.15 per share, $0.17 better than the S&P Capital IQ Consensus of $0.98; revenues fell 6.6% year/year to $3.75 bln vs the $3.99 bln S&P Capital IQ Consensus.
- Co issues mixed guidance for FY19, sees EPS of $3.55-3.75 vs. $3.50 S&P Capital IQ Consensus; sees FY19 revs of flat YoY to ~$14 bln vs. $14.62 bln S&P Capital IQ Consensus.
- The company is estimating net cash provided by operating activities of continuing operations of the manufacturing group will be between $1,020 million and $1,120 million and manufacturing cash flow before pension contributions will be between $700 million and $800 million, with planned pension contributions of about $50 million.
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