Rockwell Collins (NYSE: COL) reported earnings on July 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q3), Rockwell Collins met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. GAAP earnings per share grew.

Gross margins contracted, operating margins grew, net margins increased.

Revenue details
 Rockwell Collins tallied revenue of $1.17 billion. The 13 analysts polled by S&P Capital IQ looked for a top line of $1.17 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.20. The 17 earnings estimates compiled by S&P Capital IQ anticipated $1.15 per share. GAAP EPS of $1.20 for Q3 were 5.3% higher than the prior-year quarter's $1.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 22.4%, 740 basis points worse than the prior-year quarter. Operating margin was 20.7%, 140 basis points better than the prior-year quarter. Net margin was 14.1%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.26 billion. On the bottom line, the average EPS estimate is $1.32.

Next year's average estimate for revenue is $4.62 billion. The average EPS estimate is $4.59.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 364 members out of 381 rating the stock outperform, and 17 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Rockwell Collins a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rockwell Collins is outperform, with an average price target of $67.06.

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