Textron up 10% Pre-Market on Better Than Expected Q4 Earnings

Textron Inc.

is trading higher pre-market following its Q4 earnings announcement. the company reported adjusted EPS of $0.49 vs $0.34 estimate and revenues of $3.25 billion vs $3.24 billion estimate. Chairman and CEO of Textron, Scott C. Donnelly said “Fourth quarter operating results reflected outstanding performance at Bell, continued improvement at Cessna, good performance in our Industrial segment, and actions we're taking to strengthen our competitive position at Systems in a difficult defense environment.” Textron is currently trading at $23.90, up $2.29 or 10.60% pre-market.