Textron Inc. (TXT) released earnings for its second quarter that increased from last year.
The company’s profit totaled $224 million, or $0.87 per share. This compares with $153 million, or $0.57 per share, in last year’s second quarter.
Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 3.6% to $3.73 billion from $3.60 billion last year.
Textron Inc. earnings at a glance:
-Analysts Estimate: $0.70
-Revenue (Q2): $3.73 Bln vs. $3.60 Bln last year.
Full year EPS guidance: $3.15 to $3.35
by RTTNews Staff Writer
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