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Textron: 1Q Earnings Snapshot

PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Wednesday reported first-quarter earnings of $179 million.

On a per-share basis, the Providence, Rhode Island-based company said it had net income of 76 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.11 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $3.22 billion.

Textron expects full-year earnings to be $3.55 to $3.75 per share.

Textron shares have climbed 13 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has fallen 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXT at https://www.zacks.com/ap/TXT