Rockwell Automation: Fiscal 1Q Earnings Snapshot
MILWAUKEE (AP) _ Rockwell Automation Inc. (ROK) on Wednesday reported fiscal first-quarter profit of $310.7 million.
The Milwaukee-based company said it had net income of $2.66 per share. Earnings, adjusted for non-recurring gains, were $2.11 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $2.11 per share.
The industrial equipment and software maker posted revenue of $1.68 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.63 billion.
Rockwell Automation expects full-year earnings in the range of $8.70 to $9.10 per share.
Rockwell Automation shares have declined 3% since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 1%. The stock has climbed 20% in the last 12 months.