Rockwell Collins Earnings: Exceeds Wall Street Estimates

Rockwell Collins Inc. (NYSE:COL) generated a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Shares are up 0.60%.

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Rockwell Collins Inc. Earnings Cheat Sheet

Results: Net income increased 1.54% to $132 million (94 cents per diluted share) in the quarter versus a net gain of $130 million in the year-earlier quarter.

Revenue: Decreased 3.11% to $1.06 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rockwell Collins Inc. reported adjusted net income of 94 cents per share. By that measure, the company beat the mean analyst estimate of $0.89. It beat the average revenue estimate of $1.04 billion.

Quoting Management: “We are off to a solid start in this year of transition for our company and should see improving performance throughout the year…

…Fortunately, we had already incorporated the impact of sequestration in our annual guidance and expect a greater benefit from our FY12 restructuring actions in subsequent quarters as well. Therefore, we are increasingly confident that we can meet or exceed our financial expectations,” said Rockwell Collins Chairman and CEO, Clay Jones.

Key Stats:

Revenue decreased 16.27% from $1.27 billion in the previous quarter. Net income decreased 13.16% from $152 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.08 to a profit $1.06. For the current year, the average estimate has moved down from a profit of $4.48 to a profit of $4.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)