ROK - Rockwell Automation Analysts Reduce Their Forecasts After Downbeat Earnings | Benzinga
Rockwell Automation, Inc. (NYSE: ROK) reported worse-than-expected first-quarter results on Wednesday.
Sales grew 3.6% Y/Y to $2.05 billion, missing the consensus of $2.099 billion. Organic sales increased by 1.0% Y/Y in the quarter. Adjusted EPS of $2.04 missed the analyst consensus of $2.64, according to data from Benzinga Pro.
Intelligent Devices sales declined 1.0% Y/Y to $927 million, Software & Control rose 5.3% Y/Y to $604 million, and Lifecycle Services climbed 10.5% to $521 million.
Rockwell reaffirmed adjusted EPS of $12.00 – $13.50 (vs. consensus of $12.89), with reported sales growth guidance of 0.5% – 6.5% and organic sales growth of (2.0)% – ...