Rockwell Collins (COL) Tops Q1 EPS by 5c; Boosts FY16 EPS Outlook
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Rockwell Collins Reports First Quarter EPS from Continuing Operations of $1.00 and Increases Fiscal Year Guidance
January 22, 2016 6:30 AM ESTCEDAR RAPIDS, Iowa--(BUSINESS WIRE)-- Rockwell Collins, Inc. (NYSE: COL) today reported sales in the first quarter of fiscal year 2016 were $1.169 billion, a 5% decrease from the same period in fiscal year 2015. First quarter fiscal year 2016 earnings per share from continuing operations were $1.00 compared to $1.26 in the prior year. Earnings per share from continuing operations in the first quarter of fiscal year 2016 includes a 21 cent restructuring charge. The restructuring charge relates primarily to headcount actions the company is taking as a result of certain challenging market conditions, particularly in business aviation.
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