Textron Inc. Q3 Profit Increases, beats estimates

(RTTNews) - Textron Inc. (TXT) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $269 million, or $1.35 per share. This compares with $225 million, or $1.06 per share, in last year's third quarter.

Excluding items, Textron Inc. reported adjusted earnings of $297 million or $1.49 per share for the period.

Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $3.34 billion from $3.08 billion last year.

Textron Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $269 Mln. vs. $225 Mln. last year. -EPS (Q3): $1.35 vs. $1.06 last year. -Analyst Estimate: $1.29 -Revenue (Q3): $3.34 Bln vs. $3.08 Bln last year.

-Guidance: Full year EPS guidance: $5.45 - $5.55