PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Thursday reported first-quarter earnings of $171 million.

The Providence, Rhode Island-based company said it had net income of 75 cents per share. Earnings, adjusted for non-recurring gains, were 70 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $2.88 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.74 billion.

Textron expects full-year earnings in the range of $2.80 to $3 per share.

Textron shares have risen 28% since the beginning of the year, while the S&P's 500 index has climbed 11%. The stock has more than doubled 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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