WASHINGTON (dpa-AFX) - Textron Inc. (TXT) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $207 million, or $1.13 per share. This compares with $201 million, or $1.03 per share, last year.
Excluding items, Textron Inc. reported adjusted earnings of $235 million or $1.28 per share for the period.
Analysts on average had expected the company to earn $1.14 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.5% to $3.306 billion from $3.135 billion last year.
Textron Inc. earnings at a glance (GAAP) :
-Earnings: $207 Mln. vs. $201 Mln. last year. -EPS: $1.13 vs. $1.03 last year. -Revenue: $3.306 Bln vs. $3.135 Bln last year.
-Guidance: Full year EPS guidance: $6.00 to $6.20
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