Textron [TXT] yesterday posted declined in earnings and sales in its second quarter mainly due to lower business jet deliveries while results at its other segments were mixed. Net income fell 34 percent to $113 million, 40 cents earning per share (EPS), from $172 million (58 cents EPS), narrowly topping consensus estimates by two cents. The per share results were boosted somewhat in the quarter by a lower share count resulting from the company’s stock repurchase program. Sales in the…
