Rockwell Automation Earnings: A Mixed Bag

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Rockwell Automation Inc. (NYSE:ROK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.19%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Rockwell Automation Inc. Earnings Cheat Sheet

Results: Net income decreased -11.95% to $161.4 million ($1.23 per diluted share) in the quarter versus a net gain of $183.3 million in the year-earlier quarter.

Revenue: Rose 1.09% to $1.49 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rockwell Automation Inc. reported adjusted net income of $1.23 per share. By that measure, the company missed the mean analyst estimate of $1.27. It beat the average revenue estimate of $1.48 billion.

Quoting Management: Keith D. Nosbusch, chairman and chief executive officer, said, “Total company sales were in line with our expectations for the quarter, but results by region were mixed. Strong growth in Latin America and the U.S. was mostly offset by declines in the other regions, consistent with underlying market conditions. Solutions order rates picked up in the quarter and we rebuilt backlog. Operating margin and free cash flow were both very good. Overall, I am pleased with the good start to the fiscal year…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business