Textron (TXT +2.5%) moves up despite a miss on its Q4 earnings report. Net earnings swung to a...

|About: Textron Inc (TXT)|By:, SA News Editor

Textron (TXT +2.5%) moves up despite a miss on its Q4 earnings report. Net earnings swung to a profit however, on strength in its Bell helicopter segment, and benefiting from a year-earlier period that was saddled with a mark-to-market charge. Despite a weak showing for Cessna, CEO Scott Donnelly forecasts revenue growth for the segment in FY13 on increased jet deliveries, and predicts its Bell helicopter business will see modest growth as well, boosted by higher commercial helicopter sales.