Textron Inc. Q2 Profit Beats Estimates

(RTTNews) - Textron Inc. (TXT) reported a profit for second quarter that beat the Street estimates.

The company's bottom line totaled $245 million, or $1.35 per share. This compares with $259 million, or $1.35 per share, last year.

Excluding items, Textron Inc. reported adjusted earnings of $281 million or $1.55 per share for the period.

Analysts on average had expected the company to earn $1.45 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.4% to $3.72 billion from $3.53 billion last year.

Textron Inc. earnings at a glance (GAAP) :

-Earnings: $245 Mln. vs. $259 Mln. last year. -EPS: $1.35 vs. $1.35 last year. -Revenue: $3.72 Bln vs. $3.53 Bln last year.

-Guidance: Full year EPS guidance: $6.00 to $6.20