Shrinking jet market expected to hurt Textron profits

10/27/2009 | MarketWatch

Textron and others are expected to post smaller third-quarter profits this week as customers continue to cancel or delay orders for business jets. Wall Street analysts project that Textron will report a loss of 2 cents a share, down from a profit of 85 cents a share a year ago, when about 40% of its revenue was derived from the Cessna business jet unit.

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