7/22/2010

Textron continues its rebound, reporting second-quarter profits of $82 million compared with a net loss of $58 million for the same quarter last year, beating analysts' estimates. The company boosted earnings by consolidating jobs and placing less emphasis on its finance arm. For the year, the company expects to make 55 cents to 65 cents per share, after an initial forecast of 30 cents to 50 cents.

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Reuters, AOPA Online

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