Rockwell Collins (COL -0.9%) slips today despite its FQ1 beating across-the-board earlier this...

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

Rockwell Collins (COL -0.9%) slips today despite its FQ1 beating across-the-board earlier this morning. Net earnings edged up 1.5% Y/Y as the company recorded a smaller income-tax expense, which helped offset a slight drop in sales. The company also raised its FY13 guidance as a result of an R&D tax-credit extension, and is now looking for per-share earnings between $4.45 and $4.65, compared with its prior outlook of $4.30 to $4.50.