Textron (TXT) Tops Q2 EPS by 2c; Reiterates Outlook
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Textron Reports Second Quarter 2016 Income from Continuing Operations of $0.66 per Share, up 10%
July 22, 2016 6:30 AM EDTPROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported second quarter 2016 income from continuing operations of $0.66 per share, up 10.0 percent from $0.60 per share in the second quarter of 2015.
Revenues in the quarter were $3.5 billion, up 8.1 percent from the second quarter of 2015. Textron segment profit in the quarter was $328 million, up $22 million from the second quarter of 2015.
Revenues were up at Systems, Industrial and Textron Aviation despite a challenging global environment, reflecting our continued investment in new products and acquisitions, said Textron Chairman and CEO Scott C. Donnelly.
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