WASHINGTON (dpa-AFX) - Textron Inc. (TXT) posted fourth-quarter 2011 loss from continuing operations of $17 million or $0.06 per share, compared with an income of $63 million or $0.20 per share last year. The company said the latest quarter's result included $0.55 per share in charges, and the prior year's result included $0.13 per share in special charges. Net loss amounted to $19 million or $0.07 per share, as against a profit of $60 million or $0.19 per share a year earlier. Excluding items, adjusted income from continuing operations were $0.49 per share for the recent quarter. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.34 for the quarter. Analysts' estimates typically exclude one-time items. Total revenues in the quarter were $3.3 billion, up 4.1% from $3.13 billion in the fourth quarter of 2010, led by manufacturing revenues, which were up 4.6%, while 8 analysts estimated revenues of $3.23 billion for the quarter. For 2012, Textron is forecasting earnings per share from continuing operations to be in the range of $1.80 to $2.00 and revenues of around $12.5 billion, whereas analysts project full-year earnings per share of $1.66 on revenue of $11.90 billion.
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