Textron Inc. Q3 Earnings Rise 11%

(RTTNews) - Textron Inc. (TXT) announced a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line rose to $176 million, or $0.63 per share. This was up from $159 million, or $0.57 per share, in last year's third quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.3% to $3.18 billion. This was down from $3.43 billion last year.

Textron Inc. earnings at a glance:

-Earnings (Q3): $176 Mln. vs. $159 Mln. last year. -Earnings Growth (Y-o-Y): 10.7% -EPS (Q3): $0.63 vs. $0.57 last year. -EPS Growth (Y-o-Y): 10.5% -Analysts Estimate: $0.61 -Revenue (Q3): $3.18 Bln vs. $3.43 Bln last year. -Revenue Change (Y-o-Y): -7.3%

-Guidance: Full year EPS guidance: $2.40 - $2.50