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Textron [TXT] on Wednesday opened its fiscal year with lower top and bottom lines although the company’s overall operating performance was strong due to higher operating profits at its aircraft segments more than offset declines elsewhere. Sales fell 6 percent to $3.1 billion from $3.3 billion and net income was also down 5 percent to $179 million, 76 cents earnings per share (EPS), from $189 million (72 cents EPS) versus a year ago. Per share results were higher than a…
