logo
Share SHARE
FONT-SIZE Plus   Neg

Rockwell Collins Q3 Profit Edges Down, But EPS Up 5%; Revises Annual Targets

Communications and aviation electronics maker Rockwell Collins Inc.'s (COL) third-quarter 2013 net income declined to $164 million, from $166 million, while quarterly earnings per share rose 5% to $1.20, from last year's $1.14, which was helped by improved operating performance and the benefit of share buybacks. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $1.16 for the quarter. Analysts' estimates typically exclude one-time items.

For the third quarter of 2013, the company reported a 3% drop in total sales, to $1.17 billion, from $1.21 billion a year ago, with Commercial Systems sales increasing 7%, while Government Systems revenue was down 11%. Analysts estimated revenues of $1.17 billion for the quarter.

For fiscal 2013, the company now sees earnings per share between $4.55 and $4.60, versus its prior $4.45 - $4.65 range. Rockwell Collins has also updated its total sales forecast to about $4.65 billion, from its earlier range of $4.6 billion - $4.7 billion. Analysts project earnings of $4.58 per share, and revenues of $4.62 billion for the year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
International Consolidated Airlines Group S.A. Friday reported profit for the first quarter, compared to loss in the prior year, mainly reflecting higher passenger revenues and increased capacity. For fiscal 2016, IAG still expects to generate an absolute operating profit increase similar to 2015 as it expects to reduce underlying ex-fuel unit costs by around one percent. French drug maker Sanofi reported Friday a higher profit in its first quarter, while net sales were hurt mainly by weak results in Diabetes unit and Venezuela. Excluding Venezuela. Aggregate Group sales increased 3 percent at constant exchange rates. Looking ahead, the company continues to expect 2016 business earnings per share to be broadly stable at CER. LinkedIn Corp. (LNKD) on Thursday posted a loss for the first-quarter that widened from a year ago, hurt largely by higher operating costs. On an adjusted basis, earnings for the quarter improved and trumped Wall Street estimates, as revenues jumped 35 percent led by growth across all segments. Shares...
comments powered by Disqus
Follow RTT