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Textron reports fall in quarterly profit

(Reuters) – Business jet maker Textron Inc (NYSE:TXT) reported a 14% fall in quarterly profit as labor shortages and lingering supply chain issues restricted the company’s deliveries in the quarter.

Net income was $207 million, or $0.93 cents per share, in the three months ended December 31, compared with a profit of $236 million, or $1.03​​ cents per share, a year earlier.

Source : Reuters /

© Reuters. FILE PHOTO: Cessna employee Dwight Bennett works inside of a jet during a tour of the Cessna business jet assembly line at their manufacturing plant in Wichita, Kansas August 14, 2012. One of Cessna Aircraft Company CEO and president Scott Ernes’ first m

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