Textron Inc. Q2 adjusted earnings

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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