Textron Inc. (TXT) released a profit for third quarter that decreased from last year.
The company said its earnings came in at $166 million, or $0.61 per share. This was down from $176 million, or $0.63 per share, in last year's third quarter.
Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 2.2% to $3.25 billion. This was up from $3.18 billion last year.
Textron Inc. earnings at a glance:
-Earnings (Q3): $166 Mln. vs. $176 Mln. last year.
-Earnings Decline (Y-o-Y): -5.7%
-EPS (Q3): $0.61 vs. $0.63 last year.
-EPS Decline (Y-o-Y): -3.2%
-Analysts Estimate: $0.67
-Revenue (Q3): $3.25 Bln vs. $3.18 Bln last year.
-Revenue Change (Y-o-Y): 2.2%
-Guidance:
Full year EPS guidance: $2.65 - $ 2.75
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