Oct 19 (Reuters) - Textron Inc, the maker of Beechcraft and Cessna airplanes, reported a 46.8 percent fall in its profit, partly due to lower sales at its aviation business.
The company said its income from continuing operations fell to $159 million, or 60 cents per share, in the third quarter ended Sept.30, from $299 million, or $1.10 per share, a year earlier.
In the year earlier, profit included a tax benefit of $206 million attributable to the company’s continuing operations.
The company’s revenue rose 7.2 percent to $3.48 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)