Projo Biz Blog

Providence-based Textron Inc. this morning reported second-quarter profit rose 21 percent on higher sales of planes, helicopters and golf carts.

Profit from continuing operations climbed to $261 million, or $1.03 a share, from $215 million, or 85 cents, a year earlier.

Sales rose 21 percent to $3.92 billion. Earnings exceeded the company's own forecast and the 96-cent average estimate of 10 analysts surveyed by Bloomberg.

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