Rockwell tops expectations

Investor's Business Daily

The maker of systems that help factories run more smoothly said fiscal Q4 EPS fell to $1.38 vs. $1.39 a year ago, beating analyst estimates by 6 cents. Revenue edged up less than 1% to $1.66 bil, also topping views. Rockwell Automation (ROK) said demand for its products weakened in the final months of fiscal '12, which ended Sept. 30, as customers delayed purchases of its products. The company set a fiscal '13 profit target of $5.35-$5.75, the midpoint a share, topping forecasts. Shares rose 3.3% to 78.02.

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