RTTNews | Aug 2, 2021 09:58AM EDT

09:58 Monday, August 2, 2021 (RTTNews.com) - Shares of Textron Inc. (TXT) reached a 52-week high of $72.29, and are currently trading at $71.31, up $2.30 or 3.33%, with trading volume of over 354K versus an average volume of 1.24 million shares.

As recently as on July 29, the company said it now expects 2021 earnings per share from continuing operations to be in a range of $2.97 - $3.21, or $3.00 - $3.20 on an adjusted basis, up $0.20 from its previous outlook.

Textron also expects cash flow from continuing operations of the manufacturing group before pension contributions to be in a range of $800 million - $900 million, up $200 million, with planned pension contributions of about $50 million.

The company reported Q2 net income of $183 million or $0.80 per share compared to a loss of $92 million or $0.40 per share last year. Adjusted income from continuing operations surged to $185 million or $0.81 per share from $30 million or $0.13 per share in the prior year period. Revenues increased to $3.19 billion from $2.47 billion generated a year ago.

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