More on Textron Q4: Net profit +13%; shares sink


Textron (TXT -3.5%) net profit rises to $167M from $148M a year earlier.

Cessna revenue +2.4%, delivered 62 new Citation jets vs 53 a year ago. Profit +43% to $33M.

Bell revenue +20%, profit +0.6% to $178M.

Textron Systems revenue -28%, due to lower volumes, industrial revenue +9.5%.

Expects 2014 EPS from continuing operations of $2.00-2.20 vs consensus of $2.23, and revenue growth of 9% to $13.2B vs $13.11B. (PR)

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  • Momintn
    , contributor
    Comments (6073) | Send Message
     
    Textron is up over 6%.
    22 Jan 2014, 11:05 AM Reply Like
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