Textron reports $193M Q1 profit, tops Wall Street estimates

PBN Staff

April 28, 2022 11:48 am

Textron_01172019 — TEXTRON INC. on Thursday reported a $193 million profit in the first quarter of 2022, or 88 cents per diluted share, a rise from $171 million, or 75 cents per share, one year prior. / COURTESY TEXTRON INC.

PROVIDENCE – Textron Inc. on Thursday reported a $193 million profit in the first quarter, an 11.3% increase over a year ago that also beat Wall Street's expectations. The company reported a profit of 88 cents per diluted share, up from 75 cents one year prior. The average estimate of four analysts surveyed by Zacks…