Stocks
TXT

Textron's first-quarter revenue falls 5.7 percent

April 17 (Reuters) - Textron Inc on Wednesday reported a 5.7 percent fall in quarterly revenue due to the divestiture of its tools and test equipment business.

The company, which makes Cessna business jets, said net income fell to $179 million in the first quarter ended March 30 from $189 million a year earlier.

On a per share basis, the company earned 76 cents in the quarter, compared with 72 cents last year.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More