Textron: Q3 Earnings Snapshot

Associated Press Finance
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PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Thursday reported third-quarter profit of $269 million.

The Providence, Rhode Island-based company said it had net income of $1.35 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.49 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.34 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.45 billion.

Textron expects full-year earnings in the range of $5.45 to $5.55 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXT at https://www.zacks.com/ap/TXT

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