“Textron Inc. (TXT) cut forecasts for business-jet sales and group earnings for 2013 after first- quarter deliveries of the aircraft declined and profit missed analyst estimates.
The company now expects earnings per share from continuing operations of $1.90 to $2.10, versus a prediction in January of $2.10 to $2.30, and manufacturing-divison cash flow on that basis and before pension contributions of $400 million, compared with an earlier forecast of $500 million to $550 million…”
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