Rockwell Automation: Fiscal 3Q Earnings Snapshot
Rockwell Automation: Fiscal 3Q Earnings Snapshot
MILWAUKEE (AP) _ Rockwell Automation Inc. (ROK) on Wednesday reported fiscal third-quarter earnings of $198.6 million.
The Milwaukee-based company said it had profit of $1.58 per share. Earnings, adjusted for non-recurring costs, were $2.16 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The industrial equipment and software maker posted revenue of $1.7 billion in the period, which matched Street forecasts.
Rockwell Automation expects full-year earnings in the range of $7.90 to $8.10 per share.
Rockwell Automation shares have fallen 13 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5.5 percent. The stock has climbed 4 percent in the last 12 months.
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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