Textron 4Q profits rise 65%, to $195M

PROVIDENCE – A rise in aircraft deliveries by its Cessna unit helped boost Textron Inc.’s fourth-quarter profits by 65 percent, according to Bloomberg News. Textron yesterday posted net income of $195 million for the quarter, compared with $118 million a year earlier. Its net income per share, $1.53, beat the average prediction of 98 cents…
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