Textron Q1 Profit Increases - Quick Facts

(RTTNews) - Textron Inc. (TXT) reported that its first quarter 2015 net income increased to $128 million from the prior year's $85 million, with earnings per share improving to $0.46 from $0.30 last year.

Income from continuing operations was $0.46 per share, up 48.4 percent from $0.31 per share in the prior year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues in the latest first quarter were $3.07 billion, up 7.9 percent from $2.85 billion in the comparable quarter last year. Wall Street expected revenues of $3.19 billion for the quarter.

Textron continues to expect 2015 earnings per share from continuing operations to be in the range of $2.30 to $2.50. Wall Street currently is looking for fiscal year 2015 earnings of $2.52 per share.