Textron Inc. Bottom Line Climbs 17% In Q1

(RTTNews) - Textron Inc. (TXT) revealed a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $150 million, or $0.55 per share. This was higher than $128 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.2% to $3.20 billion. This was up from $3.07 billion last year.

Textron Inc. earnings at a glance:

-Earnings (Q1): $150 Mln. vs. $128 Mln. last year. -Earnings Growth (Y-o-Y): 17.2% -EPS (Q1): $0.55 vs. $0.46 last year. -EPS Growth (Y-o-Y): 19.6% -Analysts Estimate: $0.53 -Revenue (Q1): $3.20 Bln vs. $3.07 Bln last year. -Revenue Change (Y-o-Y): 4.2%

-Guidance: Full year EPS guidance: $2.60 - $2.80