UPDATE: Rockwell Collins Reports Decline In Q1 Net Income
Rockwell Collins (NYSE: COL) reported a decline in its first-quarter net income.
Rockwell Collins' quarterly net income dropped to $130 million, or $0.86 per share, from $151 million, or $0.96 per share, in the year-earlier period. Its sales fell 1% to $1.09 billion. However, analysts were expecting earnings of $0.84 per share on revenue of $1.09 billion.
For 2012, Rockwell Collins stuck to its profit forecast of $4.40 to $4.60 per share, versus analysts' estimates of $4.46 per share.
Rockwell Collins shares closed at $56.84 yesterday.
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