UPDATE: Textron Swings To Q4 Loss

Textron Inc (NYSE: TXT) swung to a fourth-quarter loss.

Textron posted a quarterly net loss of $19 million, or $0.07 per share, versus a year-ago net income of $60 million, or $0.19 per share. The company's adjusted earnings came in at $0.49 per share. Textron's loss from continuing operations came in at $0.06 per share. Its revenue rose to $3.25 billion from $3.13 billion. However, analysts were expecting a profit of $0.34 per share on revenue of $3.27 billion.

Textron projects full-year 2012 earnings of $1.80 to $2 per share, versus analysts' estimates of $1.66 per share.

Textron shares gained 5.88% to $22.88 in pre-market trading.