Textron sees Q3 profit plunge, but beats expectations

10/27/2009 | Bloomberg

Textron reported a 98% plunge in third-quarter profit, even as it predicted full-year earnings would come in at the high end of expectations. The maker of Cessna airplanes and Bell helicopters said deliveries will likely drop next year before recovering. Textron expects $10.6 billion in sales this year, with earnings approaching 63 cents a share.

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