Skip to main content

Textron: Q4 Earnings Snapshot

PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Wednesday reported fourth-quarter earnings of $235 million.

On a per-share basis, the Providence, Rhode Island-based company said it had profit of $1.32. Earnings, adjusted for non-recurring costs and amortization costs, were $1.73 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $4.18 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $4.14 billion.

For the year, the company reported profit of $921 million, or $5.11 per share. Revenue was reported as $14.8 billion.

Textron expects full-year earnings in the range of $6.40 to $6.60 per share.

_____

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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story