ADVFN - Advanced Financial Network.
HOME» NYSE » T » TXT Stock Price » TXT Stock News

Textron Share News

 Textron Inc. Stock Price
TXT Stock Price
 Textron Inc. Stock Chart
TXT Stock Chart
 Textron Inc. Stock News
TXT Stock News
 Textron Inc. Company Information
TXT Company Information
 Textron Inc. Stock Trades
TXT Stock Trades

Textron 2Q Net Rises 9.8% As Cessna Profit Surges

DOW JONES NEWSWIRES Textron Inc.'s (TXT) second-quarter earnings rose 9.8% as the company's Cessna aircraft segment posted a sharp rise in profit on higher volumes and as results at the much-larger Bell helicopter segment were also strong. "The demand environment for commercial aircraft remained stable," said Chairman and Chief Executive Scott C. Donnelly. "Given current levels of customer interest and order activity, we expect a significant pick-up in demand in the second half of the year, similar to what we saw last year." The company also backed its full-year forecast from January. The manufacturer of Cessna aircraft and E-Z-GO golf carts showed signs of a turnaround for much of last year, suggesting its restructuring efforts are paying off. The company has seen recent recovery in demand for Bell helicopters and its industrial gear, which has also helped its bottom line. Textron reported a profit of $90 million, or 29 cents a share, up from $82 million, or 27 cents, a year earlier. Revenue edged up 0.7% to $2.73 billion. Analysts polled by Thomson Reuters most recently forecast earnings of 24 cents on revenue of $2.83 billion. The company's Bell helicopter business, its biggest top-line contributor, saw revenue up 6% and profit climb 11%. Cessna's revenue increased 2.7% while the division's profit grew 67%, driven by higher delivery and aftermarket volumes. Shares closed at $22.12 and were inactive premarket. The stock has risen 22% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Textron (TXT)
DateTimeHeadline
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
01/22/201407:50:09Textron Profit Rises 13%
12/27/201316:42:00MARKET SNAPSHOT: U.S. Stocks End Lower But Post Weekly Gains
12/27/201314:43:18MARKET SNAPSHOT: U.S. Stocks Drift Lower; Dow Breaks 6-day Win...
12/27/201311:23:41MARKET SNAPSHOT: U.S. Stocks Turn Lower; Dow Breaks 6-day Winning...
12/27/201310:42:14MARKET SNAPSHOT: U.S. Stocks Edge Higher, On Track For Weekly...
12/20/201314:40:31Textron Said to Buy Beechcraft for Nearly $1.4 Billion
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest Purchases
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As Of Sep 30
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As -2-
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
10/22/201314:04:27Embraer, Mahindra Mull Offers for Beechcraft -Bloomberg
10/18/201309:04:12U.S. Hot Stocks Futures: Hot Stocks to Watch
10/17/201310:17:34Beechcraft Said to Revive Possible $1.5 Billion Sale -Bloomberg
10/13/201310:11:28MARKET SNAPSHOT: Earnings To Get Extra Scrutiny From Lack Of...
07/17/201309:25:14U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/17/201316:39:37MARKET SNAPSHOT: U.S. Stocks Hit By Earnings, Apple Worries

Textron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad