Shares of Textron Inc. (NYSE: TXT) rallied in
trading on Wednesday after the Providence, Rhode Island-based company announced
strong fourth-quarter financial results. Textron reported fourth-quarter total
revenue of $3.3 billion and adjusted earnings of $0.49 per share.
Textron shares rose to an intra-day high of $25.12
on Wednesday before ending the day 14.58% higher at $24.76 on above average
volume of 17.92 million.
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