Rockwell Collins Q4 Profit Up; Backs 2014 View - Quick Facts

(RTTNews) - Communications and aviation electronics maker Rockwell Collins Inc. (COL) posted higher profit for the fourth quarter, as the company benefited from the absence of a restructuring and asset impairment charge, despite slightly lower revenues.

The company's net profit rose to $175 million or $1.28 a share from last year's $152 million or $1.06 a share. Analysts polled by Thomson Reuters expected the company to report earnings of $1.31 a share for the quarter. Analysts' estimates typically exclude special items.

For the final quarter, sales edged down 1 percent to $1.25 billion, and came in below seventeen Wall Street analysts' consensus estimate of $1.28 billion.

For the full year 2014, the company continues to expect earnings per share in the range of $4.30-$4.50, on sales of $4.5 billion - $4.6 billion. The Street currently foresees earnings per share of $4.42, on revenues of $5.15 billion.