PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Wednesday reported fourth-quarter net income of $236 million.

The Providence, Rhode Island-based company said it had net income of $1.03 per share. Earnings, adjusted for non-recurring costs, were $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.67 billion in the period.

For the year, the company reported profit of $309 million, or $1.35 per share. Revenue was reported as $11.65 billion.

Textron expects full-year earnings in the range of $2.70 to $2.90 per share, with revenue expected to be $12.5 billion.

Textron shares have increased roughly 3% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. The stock has risen 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXT at https://www.zacks.com/ap/TXT

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