SAN FRANCISCO (MarketWatch) --
Textron Inc. shares soared as much as 13% at the open Wednesday after the company offered a 2012 outlook that far exceeded what analysts had been expecting. In its fourth-quarter report, the company said it now sees full-year earnings of $1.80 to $2 a share, signaling the reorganization it put in place last year is paying off. Analysts had been looking for 2012 earnings from Textron of $1.66 a share. The company, whose products range from Cessna aircraft and Bell helicopters to a variety of industrial components, also said it expects 2012 revenue to hit $12.5 billion, well above the $11.9 billion analysts were looking for. Textron shares were last up 13% at $24.42, leading percentage gainers on the S&P 500. They are up 32% since the start of the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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