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Aircraft components maker Rockwell Collins Inc on Friday posted adjusted earnings that beat expectations, sending its shares up sharply after its first results including recently acquired aircraft interiors maker B/E Aerospace. The acquisition, which closed in April, had raised concern about how aircraft interiors and seats would complement Rockwell's broad avionics business, which spans commercial jetliners, business jets and fighter aircraft. Rockwell also reported higher profit margins and more cash than expected, and sounded an optimistic note about the depressed business-jet market.
Rockwell Collins Inc's second-quarter revenue beat analysts' estimates and the aircraft components maker raised its full-year revenue forecast to reflect the impact of its recently closed acquisition of aircraft interiors maker B/E Aerospace. Rockwell's shares rose as much as 5 percent to a record high $104.54 on Friday. Rockwell said on Friday it expected revenue of $6.7 billion to $6.8 billion for the year ending Sept. 30.
Aircraft component maker Rockwell Collins Inc raised its fiscal-year revenue forecast but gave a lower-than-expected profit outlook as it incorporated the acquisition of aircraft interiors maker B/E Aerospace into its results. Rockwell said it expected revenue of $6.7 billion to $6.8 billion for the year ending on Sept. 30 to reflect B/E Aerospace's results. It had previously forecast $5.3 billion to $5.4 billion.
Ongoing tensions between the U.S. and North Korea as well as a generous flow of funds from the Pentagon have been dominating the headlines in the defense space
Rockwell Collins Inc. (COL) has closed the transaction to acquire B/E Aerospace Inc. (BEAV) worth $8.6 billion, including assumed debt.
Rating Action: Moody's withdraws B/E Aerospace ratings. Global Credit Research- 14 Apr 2017. New York, April 14, 2017-- Moody's Investors Service has withdrawn all of its ratings on B/E Aerospace, Inc., ...
Categories: ETFs Yahoo FinanceClick here to see latest analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for B/E Aerospace, Inc.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving ... Read more (Read more...)
U.S. aircraft component maker Rockwell Collins is set to gain unconditional EU approval for its $6.4 billion bid for aircraft interior maker B/E Aerospace , two people familiar with the matter said on ...
It’s the beginning of another week and crude futures are in the red again as energy sentiment has remained sluggish. Meanwhile U.S. stock futures are relatively flat as traders await the latest economic news releases. In this article, let’s find out why traders are talking about Walt Disney Co (NYSE:DIS), Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR), […]