Textron: Q4 Earnings Snapshot

PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Wednesday reported fourth-quarter earnings of $226 million.

The Providence, Rhode Island-based company said it had net income of $1.07 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.64 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.67 billion.

For the year, the company reported profit of $861 million, or $4.01 per share. Revenue was reported as $12.87 billion.

Textron expects full-year earnings in the range of $5 to $5.20 per share, with revenue expected to be $14 billion.


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