Rockwell Collins tops Street 2Q forecasts

Associated Press |

CEDAR RAPIDS, Iowa (AP) _ Rockwell Collins Inc. (COL) on Friday reported fiscal second-quarter net income of $168 million.

The Cedar Rapids, Iowa-based company said it had net income of $1.27 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.34 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.



The aviation electronics company posted revenue of $1.34 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.33 billion.

Rockwell Collins expects full-year earnings in the range of $5.95 to $6.15 per share, with revenue in the range of $6.7 billion to $6.8 billion.

Rockwell Collins shares have increased slightly more than 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 5 percent. The stock has climbed 6 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COL at https://www.zacks.com/ap/COL

Keywords: Rockwell Collins, Earnings Report

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