Aerospace electronics company Rockwell Collins Inc reported a 19 percent rise in quarterly profit on Friday, helped by expanding margins in its government and commercial businesses.
For the fiscal third quarter ended June 30, net income rose to $174 million, or $1.07 per share, from $146 million, or 86 cents per share, a year earlier.
Analysts' average profit forecast was $1.02 a share; Quarterly sales increased 7 percent to $1.19 billion. ( according to Thomson Reuters Estimates. )
Rockwell Collins raised its earnings forecast for the full fiscal year to a range of $4.05 to $4.10 per share from a previous range of $3.95 to $4.05. Rockwell Collins said third-quarter sales of its commercial systems rose 8 percent to $587 million, and sales of its government systems climbed 7 percent to $607 million. The company said it expects full-year sales of $4.75 billion .
This Company supplies Boeing, Airbus parent EADS and the U.S. military with a range of cockpit and cabin gear.
Due to the U.S. airlines slashing capacity, retiring planes, cutting jobs and introducing fees to survive amid sky-high fuel prices; i think we have to be caucious but optimistic cause in the other side we have a steady increase in defense spending (...).
$47.4075 (07/11/08)
