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Author: TMFGebinr Big gold star, 5000 posts Old School Fool Supernova Phoenix 1
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Subject: Early news on TXT earnings Date: 10/17/2012 8:41 AM
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http://finance.yahoo.com/news/textron-third-quarter-earnings...

$0.48 EPS (adjusted) missed estimates of $0.51 and, even though the company increased its guidance for the full year from a range of $1.80 to $2.00 to a range of $1.95 to $2.05, estimates for the full year were $2.10.

Revenue just barely missed estimates of $3.06 B, coming $3.00 B even.

I need to look at the margins and plug them into my spreadsheet, because the Reuters article mentioned that they declined slightly for some of the segments.

I also want to go through the conference call before deciding on anything, but the miss might be enough to push shares down low enough and long enough (this one especially, as the purchase cycle is a few days long for these portfolios) for me to add a bit to the position. As of last night's close, the 3 purchases were +6.09%, -2.36%, and -1.53%, with the overall position at +0.20%, essentially flat. If it gets into the low $20s or (especially) the teens, I'll be all over this one, I think.

Cheers,
Jim
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