Rockwell Collins Q1 Profit Rises; Lifts FY15 EPS Outlook - Quick Facts

(RTTNews) - Rockwell Collins, Inc. (COL) reported first-quarter net income of $167 million or $1.24 per share, compared to $131 million or $0.96 per share, in the comparable quarter last year. Earnings per share from continuing operations rose 29% to $1.26 per share from $0.98 per share in the prior year period.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.13 for the quarter. Analysts' estimates typically exclude special items.

Total sales were $1.23 billion, up 16% from $1.05 billion in the comparable quarter last year. Analysts expected revenue of $1.21 billion for the quarter.

Looking ahead to fiscal 2015, the company raised its earnings to a range of $5.10 to $5.30 per share, from its prior range of $4.90 to $5.10 per share. Analysts now expect earnings of $5.08 per share for fiscal 2015.

The company continues to expect revenues between $5.2 billion and $5.3 billion. Analysts now expect revenue of $5.29 billion for the fiscal year 2015.