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Textron
TXT reported a rise in its third-quarter net profit.
Textron's quarterly net profit climbed to $151 million, or $0.51 per share, from $142 million, or $0.47 per share, in the year-earlier period.
Its total revenue gained 6.6% to $3 billion from $2.81 billion. Its income on continuing operations rose 6.7% to $0.48 per share from $0.45 per share. However, analysts were expecting earnings of $0.51 per share on revenue of $3.06 billion.
Textron now expects 2012 earnings from continuing operations to $1.95 to $2.05 per share, versus its earlier forecast of $1.80 to $2.00 per share.
Textron shares closed at $26.46 yesterday.
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