Rockwell Collins beats by $0.03, reports revs in-line
- Reports Q1 (Dec) earnings of $1.59 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $1.56; revenues rose 68.6% year/year to $2.01 bln vs the $2 bln Capital IQ Consensus.
- Government Systems provides a broad range of electronic products, systems and services to customers including the U.S. Department of Defense, other government agencies, civil agencies, defense contractors and ministries of defense around the world.
- Cash used for operating activities was $259 million for the first quarter of fiscal year 2018, compared to a use of cash of $101 million in the first quarter of fiscal year 2017