Oct 27 · 11:07:00 AM · Source: Company News Release

Textron said today that its third quarter net income fell to $4 million, or 1 cent a share, from $206 million, or 83 cents, a year earlier. Third-quarter sales fell 27 percent to $2.55 billion.
Profit exceeded analysts’ estimates as savings from job cuts helped compensate for reduced production.

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by Larry Etter