Thursday, July 19, 2007

Textron profit soars, raises forecast, dividend

(Reuters) - Textron shares rose 7 percent on the news, notching a new lifetime high of $125.24, after its board approved a 2-for-1 stock split and raised its dividend 19 percent.




Textron, which also makes products ranging from Bell helicopters to EZ-GO golf carts, reported profit of $210 million, or $1.66 per share, compared with $69 million, or 53 cents per share, a year earlier.


Read more at Reuters.com Market News

No comments: