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Textron (TXT) Stock Higher After Reporting Q3 Results

NEW YORK (TheStreet) -- Shares of Textron (TXT) were rising on heavy trading volume late Thursday afternoon after posting higher-than-expected income for the 2016 third quarter.

Before the market open, the maker of business aircraft reported income from continuing operations of $1.10 per share, while analysts surveyed by Thomson Reuters were looking for $1.06 per share.

Revenue rose to $3.25 billion from $3.18 billion in the year-ago period.

For the full year, the company now expects to report adjusted earnings between...