Textron Q2 Results Handily Beats Street Expectations

Textron TXT has reported its Q2 EPS, ex-items, at $0.29, handily beating the Street view of $0.09. TXT’s revenues for the quarter came in at $2.7 billion, versus the consensus expectations of $2.49 billion. Textron has raised its finance receivables liquidations projections for 2010 to $2 billion, from $1.8 billion. TXT has also forecast its manufacturing group free cash flow for FY10 at $500-$550 million. Read more from Benzinga's Company news.