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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

AfterMaster Inc

Studio One Media Inc is a diversified media and technology company. It is engaged in the development and commercialization of proprietary, edge audio and video technologies for professional and consumer…

Private Markets

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.