PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Wednesday reported fourth-quarter earnings of $141 million.
On a per-share basis, the Providence, Rhode Island-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring costs, were $1.34 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The maker of Cessna small planes and Bell helicopters posted revenue of $3.61 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.74 billion.
For the year, the company reported profit of $824 million, or $4.33 per share. Revenue was reported as $13.7 billion.
Textron expects full-year earnings in the range of $6 to $6.20 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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.