09:16 AM EDT, 04/25/2024 (MT Newswires) -- Textron ( TXT ) reported Q1 adjusted earnings Thursday of $1.20 per share, up from $1.05 a year earlier.

Analysts polled by Capital IQ expected $1.23.

Revenue for the quarter ended March 30 was $3.14 billion, up from $3.02 billion a year earlier.

Analysts polled by Capital IQ expected $3.26 billion.

For 2024, the company said it continues to expect adjusted diluted EPS of $6.20 to $6.40. Analysts surveyed by Capital IQ expect $6.31.

Shares of the company were down more than 10% in recent premarket activity.

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