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Textron: Q1 Earnings Snapshot

PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Thursday reported first-quarter profit of $220 million.

On a per-share basis, the Providence, Rhode Island-based company said it had net income of $1.25. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.45 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.7 billion in the period.

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

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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

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