Textron Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Textron Inc. (TXT) announced a profit for fourth quarter that decreased from last year.

The company's profit came in at $199 million, or $0.87 per share. This compares with $246 million, or $1.02 per share, in last year's fourth quarter.

Excluding items, Textron Inc. reported adjusted earnings of $254 million or $1.11 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $4.04 billion from $3.75 billion last year.

Textron Inc. earnings at a glance:

-Earnings (Q4): $254 Mln. vs. $279 Mln. last year. -EPS (Q4): $1.11 vs. $1.15 last year. -Analysts Estimate: $1.09 -Revenue (Q4): $4.04 Bln vs. $3.75 Bln last year.