WASHINGTON (dpa-AFX) - Textron Inc. (TXT) announced earnings for second quarter that beat the Street estimates.
The company's earnings totaled $260 million, or $1.35 per share. This compares with $263 million, or $1.30 per share, in last year's second quarter.
Excluding items, Textron Inc. reported adjusted earnings of $296 million or $1.54 per share for the period.
Analysts on average had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.2% to $3.53 billion from $3.42 billion last year.
Textron Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $260 Mln. vs. $263 Mln. last year. -EPS (Q2): $1.35 vs. $1.30 last year. -Revenue (Q2): $3.53 Bln vs. $3.42 Bln last year.
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