Investors are eyeing Rockwell Collins for a trade after the firm posted lower-than-expected results on Tuesday and shares sold off.
Net income fell 26 percent to $134 million, or 84 cents a share, for the fiscal fourth quarter that ended Sept. 30, compared with $182 million, or $1.13 a share, a year earlier.
Analysts expected 87 cents a share, according to Thomson Reuters I/B/E/S.
Rockwell Collins has suffered this year as weak air travel led to production cuts for planes and business jets.
Going forward, however, things may be looking up. "We do believe that the first quarter will be the low-water mark for our business, and we should post sequential growth over the course of 2010," says Chief Executive Clay Jones.
So how should you trade this stock? Don’t make a move until you see our interview with CEO Clay Jones. Watch the video now!