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Rockwell Collins ([[COL]] +1.9%) moves up after beating FQ4 EPS estimates this morning. Net profit fell 13% Y/Y however, due to restructuring charges and a slowdown in government systems sales over budget concerns. Sales in the segment - its largest top-line contributor - fell 10% to $701M. Bottom line results were bouyed by cost cutting measures, which gave a boost to operating margins, improving to 23.5% from 20.9%. Additionally, the company says it plans to cut 1,250 jobs through September, or 6% of its workforce.

Rockwell Collins (COL +1.9%) moves up after beating FQ4 EPS estimates this morning. Net profit fell 13% Y/Y however, due to restructuring charges and a slowdown in government systems sales over budget concerns. Sales in the segment - its largest top-line contributor - fell 10% to $701M. Bottom line results were bouyed by cost cutting measures, which gave a boost to operating margins, improving to 23.5% from 20.9%. Additionally, the company says it plans to cut 1,250 jobs through September, or 6% of its workforce. Post your comment!

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