Textron Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Textron Inc. (TXT) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $263 million, or $1.30 per share. This compares with $217 million, or $1.00 per share, in last year's second quarter.

Excluding items, Textron Inc. reported adjusted earnings of $296 million or $1.46 per share for the period.

Analysts on average had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $3.42 billion from $3.15 billion last year.

Textron Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $263 Mln. vs. $217 Mln. last year. -EPS (Q2): $1.30 vs. $1.00 last year. -Analyst Estimate: $1.21 -Revenue (Q2): $3.42 Bln vs. $3.15 Bln last year.

-Guidance: Full year EPS guidance: 5.20 - 5.30