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Textron Reports Lower Income Despite Flat Sales In Opening Quarter

Helicopter News, 2014-05, Vol.39 (34)

Copyright (c) 2014 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part in any form or medium without expressed written permission of Access Intelligence, LLC is prohibited. Access Intelligence, LLC, 4 Choke Cherry Road, 2nd Floor, Rockville, MD 20850, U.S.A. Phone: 301/354-2101 or 888/707-5812. Fax: 301/309-3847. E-mail: clientservices@accessintel.com ;ISSN: 0363-8227

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  • Title:
    Textron Reports Lower Income Despite Flat Sales In Opening Quarter
  • Author: 17
  • Subjects: Aircraft ; Aviation ; Corporate profits ; Earnings per share
  • Is Part Of: Helicopter News, 2014-05, Vol.39 (34)
  • Description: Lower profits at its Bell segment combined with acquisition and restructuring costs related to its purchase of Beechcraft in March drove earnings down at Textron Inc. [TXT] in the first quarter. Net income dropped 29 percent to $85 million, 30 cents earnings per share (EPS), from $119 million (41 cents EPS), from a year ago. Excluding the impact of discontinued operations, per share earnings were 31 cents, three cents below consensus expectations.
  • Publisher: Potomac: Access Intelligence LLC
  • Language: English
  • Identifier: ISSN: 0363-8227
  • Source: ProQuest Central
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