Textron Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Textron Inc. (TXT) reported earnings for its third quarter that rose from last year.

The company's earnings totaled $563 million, or $2.26 per share. This compares with $159 million, or $0.60 per share, in last year's third quarter.

Excluding items, Textron Inc. reported adjusted earnings of $153 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.0% to $3.20 billion from $3.48 billion last year.

Textron Inc. earnings at a glance:

-Earnings (Q3): $153 Mln. vs. $174 Mln. last year. -EPS (Q3): $0.61 vs. $0.65 last year. -Analysts Estimate: $0.76 -Revenue (Q3): $3.20 Bln vs. $3.48 Bln last year.

-Guidance: Full year EPS guidance: $3.20 - $3.30