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17.07.2019 21:31:00

Textron Loses Altitude as Revenue Declines

Textron (NYSE: TXT) announced mixed second-quarter 2019 results on Wednesday morning, highlighting significant operational improvements that helped offset the impact of broad-based revenue declines from each of its business segments.But while the aerospace and defense conglomerate followed by modestly raising its full-year earnings guidance, shares are down nearly 7% in today's early trading as investors absorb the news. Let's have a deeper look at what's driving Textron as it enters the second half.IMAGE SOURCE: TEXTRON.Continue reading
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