logo
Share SHARE
FONT-SIZE Plus   Neg

Rockwell Collins Q3 Profit From Cont. Ops. Rises - Quick Facts

Rockwell Collins, Inc. (COL) reported third-quarter income from continuing operations of $163 million or $1.19 per share, compared to $161 million or $1.18 per share, in the third quarter of last year. Total earnings per share was $1.15, compared to $1.20.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.17 for the quarter. Analysts' estimates typically exclude special items.

Total sales were $1.26 billion, an increase of 12% from $1.13 billion in the same period in 2013, primarily due to the acquisition of ARINC. Analysts expected revenue of $1.30 billion for the quarter.

The company also announced it entered into an agreement to sell its satellite communications systems business formerly known as Datapath, Inc., which designs, manufactures and services ground-based satellite communication systems primarily for military customers.

The company updated its fiscal year 2014 outlook from continuing operations due to the pending sale of Datapath and to narrow the ranges from the previous financial guidance.

Total sales are expected to be between $4.90 billion to $4.95 billion, compared to prior guidance range of $4.95 billion to $5.05 billion. Earnings per share is expected to be between $4.45 and $4.55, compared to previous guidance of $4.40 to $4.55. Analysts expect the company to report full year profit per share $4.50 on revenue of $5.04 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Struggling fast-food giant McDonald's is trying to woo back customers to its stores with a new concept called "Experience of the Future." According to reports, as part of its "Experience of the Future" initiative McDonald's is planning to upgrade and renovate its restaurants that will provide modern... Facebook might be launching smart speakers with a touch panel next year. The touch screen could be used for 15-inch display of imageries. According to reports Facebook has already begun the pilot production in China. The new device is expected to be launched in the first quarter of 2018. Britain is the latest nation to announce that it will end the sale of new petrol and diesel cars in an effort to reduce air pollution. Britain said it will ban the sale of new petrol and diesel cars from 2040. In early July, France said it plans to end sales of all petrol and diesel vehicles in the country by 2040 as part of a plan to meet its targets under the Paris climate accord.
comments powered by Disqus
Follow RTT