Recap: Rockwell Automation Q3 Earnings
Shares of Rockwell Automation (NYSE:ROK) moved lower by 4.5% after the company reported Q3 results.
Quarterly Results
Earnings per share fell 47.08% year over year to $1.27, which beat the estimate of $1.12.
Revenue of $1,394,000,000 declined by 16.28% from the same period last year, which beat the estimate of $1,370,000,000.
Outlook
The upcoming fiscal year's EPS expected to be between $7.40 and $7.60.
The upcoming fiscal year's revenue expected to be between $6,327,000,000 and $6,327,000,000.
Conference Call Details
Date: Jul 28, 2020
Time: 08:30 AM
Technicals
52-week high: $230.93
Company's 52-week low was at $115.38
Price action over last quarter: Up 16.58%
Company Overview
Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. Today, the firm operates through two segments--architecture and software and control products and solutions. The former segment houses its Logix architecture that runs with third-party applications and contains all its hardware, software, and communication components, including control platforms that perform multiple disciplines. The latter segment sells industrial control products and offers technical automation services.
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