for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Textron profit drops 48% as business jet deliveries slow down

Oct 29 (Reuters) - Cessna business jets maker Textron Inc reported a 48% fall in quarterly profit as aircraft deliveries dropped during the coronavirus crisis.

The company’s net income fell to $115 million, or 50 cents per share, in the third quarter ended Oct. 3, from $220 million, or 95 cents per share, a year earlier. (Reporting by Ankit Ajmera in Bengaluru; Editing by Devika Syamnath)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up