Textron Inc. Q3 Income Rises 5%

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

The company said its bottom line came in at $174 million, or $0.65 per share. This was up from $166 million, or $0.61 per share, in last year's third quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $3.48 billion. This was up from $3.25 billion last year.

Textron Inc. earnings at a glance:

-Earnings (Q3): $174 Mln. vs. $166 Mln. last year. -Earnings Growth (Y-o-Y): 4.8% -EPS (Q3): $0.65 vs. $0.61 last year. -EPS Growth (Y-o-Y): 6.6% -Analysts Estimate: $0.62 -Revenue (Q3): $3.48 Bln vs. $3.25 Bln last year. -Revenue Change (Y-o-Y): 7.1%

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