PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Thursday reported third-quarter net income of $234 million.
The Providence, Rhode Island-based company said it had net income of $1.31 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.55 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The maker of Cessna small planes and Bell helicopters posted revenue of $3.6 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $3.71 billion.
Textron expects full-year earnings in the range of $6 to $6.20 per share.
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