Rockwell Collins Inc. (NYSE:COL) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Rockwell Collins Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.34% to $1.17 in the quarter versus EPS of $1.09 in the year-earlier quarter.
Revenue: Decreased 2.58% to $1.13 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rockwell Collins Inc. reported adjusted EPS income of $1.17 per share. By that measure, the company met the mean analyst estimate of $1.17. It beat the average revenue estimate of $1.13 billion.
Quoting Management: “Second quarter results were consistent with our expectations and I continue to feel very good about the company’s operating performance given the overall economic conditions and a dynamic defense market environment,” said Rockwell Collins Chairman and Chief Executive Officer, Clay Jones. “Highlighting this performance was a 300% improvement in operating cash flow compared to last year and a second straight quarterly increase in core operating margins, despite declining sales.”
Key Stats (on next page)…