Shares of aviation electronics designer
were up 2.24% after the company nudged up its 2002 guidance, citing the expected results of unspecified legal matters.
Shares of Rockwell Collins were up 46 cents at $20.96 recently on the
New York Stock Exchange
The company expects EPS of $1.26 to $1.28, up from its initial prediction of $1.23 to $1.26. Analysts were predicting the company will earn $1.26 a share. Sales are expected to be $2.5 billion.
The EPS forecast includes an increase of 3 cents a share "related to the estimated outcome of certain legal matters," the company said.
Rockwell expects to earn between $1.33 a share and $1.38 a share in 2003 on sales of $2.6 billion. Analysts were predicting the company would earn $1.35, on average.
The Cedar Rapids, Iowa-based company makes cockpit components and other aircraft devices for customers like