WASHINGTON (dpa-AFX) - Rockwell Collins Inc. (COL) reported second quarter fiscal year 2012 net income of $161 million compared to $150 million in the same period last year. Earnings per share for the quarter were $1.09, an increase of 14%, from earnings per share of $0.96 in the second quarter of 2011. Earnings per share growth was twice the rate of net income growth, principally due to the favorable effect of the company's share repurchase program.
The company reported total sales of $1.16 billion for the second quarter of 2012, which were down 5% when compared to $1.22 billion reported for the same period a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.09 per share on revenues of $1.18 billion for the second-quarter. Analysts' estimates typically exclude special items.
The company still expects fiscal 2012 earnings from continuing operations to be in the range of $4.40 to $4.60 per share. The company now expects total sales for fiscal 2012 to be about $4.85 billion, compared to prior outlook of $4.9 billion and $5.0 billion.
Analysts expect the company to report earnings of $4.48 per share on revenues of $4.95 billion for fiscal 2012.
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