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Earnings Rebound At Textron As Sales Edge Up In Fourth Quarter

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Textron [TXT] recently posted higher earnings and sales in its fourth quarter driven by military work as well as demand for commercial helicopters and an increase in the company’s Finance segment. The company reported net income of $148 million, 51 cents earnings per share (EPS), versus a $19 million (7 cents EPS) loss a year ago. Excluding a previously disclosed charge at Textron’s Cessna aircraft division, earnings were in line with consensus estimates of 56 cents EPS. Sales increased 3…

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