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Rockwell Collins’ Sales, Earnings Slip On Commercial Woes

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Rockwell Collins [COL] yesterday reported slight declines in net income and sales in its second quarter stemming from a roughed up global commercial aviation sector, which led the company to reduce its financial outlook for the fiscal year. Net income dipped 2 percent to $164 million, $1.03 earnings per share (EPS), from $168 million ($1.03 EPS) a year ago, topping consensus estimates by a nickel. Sales fell 4 percent to just over $1.1 billion from just under $1.2 billion a…

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