Textron Loses Millions in 4th Quarter

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Cessna parent company Textron reports a $209 million loss in its fourth quarter this morning.

The loss came to 87 cents per share, compared with a year earlier, when the company recorded net income of $256 million or $1 per share.

The results included $526 million in charges from the company's pullback from finance. Factoring out charges, profit came to 40 cents per share.

Reuters contributed to this report.

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