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;

Stock News for Textron (TXT)
11/17/201512:34:36Northrop Grumman Inertial Reference Products Selected for Cessna's...
11/17/201511:21:00Aircelle to Supply Thrust Reversers for New Cessna Citation Longitude...
11/17/201511:21:00Aircelle to Supply Thrust Reversers for New Cessna Citation Longitude...
11/16/201518:00:00Cessna Showcases New Citation Longitude At NBAA 2015; Announces...
11/16/201514:40:00GE Pushes Into Turboprop Engines
11/16/201514:33:00GE Pushes Into Turboprop Engines, Taking on Pratt
11/14/201508:13:02Game of Drones: The Pentagon Makes an Earth-Shattering Announcement
11/05/201500:10:00Helicopter Operator in Oil-Field Squeeze
11/04/201509:28:22Statement of Changes in Beneficial Ownership (4)
10/29/201507:13:02Textron Inc. Books Back-to-Back Earnings Beats
10/28/201515:29:56Quarterly Report (10-q)
10/27/201506:35:05Current Report Filing (8-k)
10/27/201506:30:00Textron Reports Third Quarter 2015 Income from Continuing Operations...
10/21/201511:32:00Textron Declares Quarterly Dividend
10/15/201518:20:00Terex Names New CEO
10/15/201517:00:00Textron Announces Mitch Snyder as President & CEO of Bell Helicopter
10/02/201515:00:09Statement of Changes in Beneficial Ownership (4)
10/02/201514:59:07Statement of Changes in Beneficial Ownership (4)
10/02/201514:57:07Statement of Changes in Beneficial Ownership (4)
10/02/201514:55:41Statement of Changes in Beneficial Ownership (4)

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