WASHINGTON (dpa-AFX) - Rockwell Collins Inc. (COL) reported second-quarter net income of $161 million, the same as last year. Profit per share was $1.17, compared to $1.09 prior year. The 7% increase in earnings per share was due to the favorable effect of the company's share repurchase program. Total sales decreased to $1.13 billion from $1.16 billion last year.
Net income, as adjusted, was $142 million or $1.04, compared to $141 million or $0.95 per share last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $1.17 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.13 billion for the quarter.
Rockwell Collins updated its fiscal year 2013 financial guidance. The company now expects fiscal 2013 total sales in between $4.6 billion and $4.7 billion, profit per share in the range of $4.45 to $4.65. Analysts expect the company to report fiscal 2013 profit per share of $4.60 on revenue of $4.65 billion.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
