Textron: Q2 Earnings Snapshot

July 28, 2022 GMT

PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Thursday reported second-quarter profit of $217 million.

On a per-share basis, the Providence, Rhode Island-based company said it had net income of $1.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.15 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.23 billion.

Textron expects full-year earnings to be $3.80 to $4 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXT at https://www.zacks.com/ap/TXT