Textron Inc. (TXT) revealed a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $234 million, or $1.31 per share. This compares with $223 million, or $1.18 per share, last year.
Excluding items, Textron Inc. reported adjusted earnings of $277 million or $1.55 per share for the period.
Analysts on average had expected the company to earn $1.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.1% to $3.602 million from $3.427 million last year.
Textron Inc. earnings at a glance (GAAP) :
-Earnings: $234 Mln. vs. $223 Mln. last year.-EPS: $1.31 vs. $1.18 last year.-Revenue: $3.602 Mln vs. $3.427 Mln last year.
-Guidance:Full year EPS guidance: $6.00 to $6.20
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.