Textron Profit Up In Q3; Narrows Full-year EPS Outlook - Update

(Adds Outlook)

Textron Inc. (TXT) announced earnings for its third quarter that increased from last year

The company's bottom line totaled $225 million, or $1.06 per share. This compares with $185M, or $0.82 per share, in last year's third quarter.

The company's revenue for the quarter rose 3.0% to $3.08 billion from $2.99 billion last year.


Textron now expects full-year earnings per share from continuing operations to be
$3.90 to $4.00 per share. Previously it was expecting earnings of $3.80 to $4.00.

Analysts on average expect the company to earn $3.90 a share.

Textron Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $225 Mln. vs. $185M. last year.
-EPS (Q3): $1.06 vs. $0.82 last year.
-Revenue (Q3): $3.08 Bln vs. $2.99 Bln last year.

Full year EPS guidance: $3.90 to $4.00

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