Shares of Textron Inc. (TXT) plummeted over 5% in pre-market trading on Wednesday, following the company's mixed fourth-quarter 2024 results and disappointing profit outlook for 2025.
The aerospace and defense conglomerate reported fourth-quarter adjusted earnings in line with analysts' expectations. However, revenue fell short of estimates, weighed down by disruptions from a labor strike at its Textron Aviation unit and persistent demand weakness in its Industrial segment.
More concerning for investors was Textron's 2025 earnings guidance, which fell below Wall Street projections. The company cited the lingering impact of the strike and soft demand in certain Industrial businesses as headwinds for the coming year. Textron also announced a strategic review of its Powersports product line within the Industrial segment due to weak demand, leading to charges related to inventory write-downs and production suspension.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。