Textron 1Q profit rises 16.7% to $196M

AIRCRAFT MAKERS Cessna and Bell accounted for 66 percent of Textron's business in 2006, while industrial manufacturing accounted for 26 percent and Textron Financial for the other 7 percent. /
AIRCRAFT MAKERS Cessna and Bell accounted for 66 percent of Textron's business in 2006, while industrial manufacturing accounted for 26 percent and Textron Financial for the other 7 percent. /
PROVIDENCE – Textron Inc. (NYSE: TXT) today said its first-quarter profit rose 16.7 percent, to $196 million, on revenue that rose 12.6 percent to $3.0 billion. The company also boosted its earnings forecast for 2007. Earnings per share increased 21.4 percent to $1.53 from the year-ago $1.26, Textron said. Manufacturing revenue increased 12.4 percent to…

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