PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — Textron Inc. (TXT) on Thursday reported first-quarter net income of $201 million.

The Providence, Rhode Island-based company said it had profit of $1.03 per share. Earnings, adjusted for non-recurring costs, came to $1.20 per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The maker of Cessna small planes and Bell helicopters posted revenue of $3.14 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $3.34 billion.

Textron expects full-year earnings in the range of $6.20 to $6.40 per share.

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