Explore stories from Atlantic Canada.
SaltWire's Atlantic regional weather forecast for October 26, 2023 | SaltWire - Textron Inc on Thursday raised its full-year adjusted earnings forecast after beating estimates for quarterly profit, betting on demand for its business jets despite higher prices.
The Cessna parent now expects full-year adjusted profit per share of between $5.45 and $5.55, an improvement over its previous expectation of $5.20 to $5.30. Demand for private jets remains resilient after surging during the pandemic when the wealthy took control of their travel as a result of public health concerns.
In September, Textron and NetJets signed an agreement, which analysts value at about $30 billion, giving the private jet firm owned by Berkshire Hathaway the option to buy up to 1,500 additional Cessna Citation business jets over the next 15 years.Orders at the aviation unit, Textron's most profitable business, rose 12%, marking the strongest order quarter of the year, the company said on Thursday.Overall quarterly revenue of $3.34 billion missed analysts' estimate of $3.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
ATLANTIC ECONOMIC COUNCIL: Another challenging year for Atlantic Canada’s economy in 2024Explore stories from Atlantic Canada.
Lire la suite »
Conservatives challenging Nasdaq board diversity rule appeal to full 5th CircuitExplore stories from Atlantic Canada.
Lire la suite »
The Bomadils nominated for three Canadian Folk Music AwardsExplore stories from Atlantic Canada.
Lire la suite »
Cobequid Wildlife Rehab Centre helping injured critters return homeExplore stories from Atlantic Canada.
Lire la suite »
July cyber-attack continues to delay tax bills for Kings County, N.S., property ownersExplore stories from Atlantic Canada.
Lire la suite »
Amherst man, 22, man facing charges after Springhill stabbing that sent victim to Halifax hospitalExplore stories from Atlantic Canada.
Lire la suite »