Textron profit rises as Cessna deliveries pick up
Jan 22 (Reuters) - Textron Inc, the world's largest maker of business aircraft, reported a 17 percent rise in quarterly profit due to higher deliveries of its Cessna aircraft.
Textron, which also makes Bell helicopters and EZ-Go golf carts, said income from continuing operations rose to $171 million, or 60 cents per share, in the fourth quarter ended Dec. 28, from $146 million, or 50 cents per share, a year earlier.
Revenue rose 4 percent to $3.50 billion. Deliveries of Citation business jets at its Cessna unit rose 17 percent. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Joyjeet Das)
- U.S. Senate bill proposes sweeping curbs on NSA surveillance
- EU and U.S. announce new sanctions on Russia over Ukraine
- Guilt may spoil restorative effects of entertainment
- Water main break, geyser flood UCLA campus, strand motorists |
- At least 43 Palestinians killed as Israel maintains pressure on Gaza |