Rockwell Automation: Fiscal 3Q Earnings Snapshot
MILWAUKEE (AP) _ Rockwell Automation Inc. (ROK) on Thursday reported fiscal third-quarter earnings of $261.4 million.
On a per-share basis, the Milwaukee-based company said it had profit of $2.20. Earnings, adjusted for non-recurring costs, were $2.40 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The industrial equipment and software maker posted revenue of $1.67 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.73 billion.
Rockwell Automation expects full-year earnings in the range of $8.50 to $8.70 per share.
Rockwell Automation shares have climbed 12% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has dropped almost 1% in the last 12 months.