Rockwell Collins dips on weak 2014 outlook

|About: Rockwell Collins, Inc. (COL)|By:, SA News Editor

Rockwell Collins (COL -4.8%) guides for FY14 EPS of $4.30-4.50/share on revenue of $4.5-4.6B.

FY13 guidance is reaffirmed.

ROC — which makes the 787's (BA) pilot control systems and cockpit displays, among other inputs — expects revenue for the air transport business to be strong, thanks to the Dreamliner and A350 (EADSF.PK), but CEO Kelly Ortberg cautions that they'll be "a slight decline in business jet revenue" and a negative impact from "announced delays for several new aircraft programs."

Ortberg also says "sequestration is here to stay," but notes the company has "been proactive in planning and controlling costs to sustain profitability." (PR)

All in all, the guidance is simply not what analysts were looking for, as the Street sees FY14 EPS of $4.85 on sales of nearly $5B.