Bloomberg BusinessWeek reports Textron Inc. (which manufacturers business jets as well as other products) posted a first-quarter net loss that was smaller than some analysts estimated.
“The net loss of $8 million, or 3 cents a share, compared with net income of $86 million, or 35 cents, a year earlier. Profit excluding some items was 5 cents a share…The average estimate from a Bloomberg survey of analysts was for a 1-cent loss.”
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