Textron Inc. Q4 Profit Decreases, But Beats Estimates

Textron

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(RTTNews) - Textron Inc. (TXT) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $141 million, or $0.76 per share. This compares with $198 million, or $1.01 per share, last year.

Excluding items, Textron Inc. reported adjusted earnings of $248 million or $1.34 per share for the period.

Analysts on average had expected the company to earn $1.25 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 7.2% to $3.613 billion from $3.892 billion last year.

Textron Inc. earnings at a glance (GAAP) :

-Earnings: $141 Mln. vs. $198 Mln. last year. -EPS: $0.76 vs. $1.01 last year. -Revenue: $3.613 Bln vs. $3.892 Bln last year.