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Rockwell Automation: Fiscal 2Q Earnings Snapshot

MILWAUKEE (AP) _ Rockwell Automation Inc. (ROK) on Thursday reported fiscal second-quarter earnings of $346 million.

On a per-share basis, the Milwaukee-based company said it had net income of $2.88. Earnings, adjusted for non-recurring gains, were $2.04 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The industrial equipment and software maker posted revenue of $1.66 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.72 billion.

Rockwell Automation expects full-year earnings in the range of $8.85 to $9.15 per share.

Rockwell Automation shares have increased 26 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 17 percent. The stock has risen 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROK at https://www.zacks.com/ap/ROK