ROK - Why Rockwell Automation Shares Are Diving Today | Benzinga
Rockwell Automation Inc (NYSE:ROK) shares are trading lower after it reported first-quarter FY24 results below Street expectations.
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.
Total ARR grew 20% Y/Y, and organic ARR rose 18% Y/Y in the quarter. Adjusted EPS of $2.04 missed the analyst consensus of $2.64.
Segment Details: Intelligent Devices sales declined 1.0% Y/Y ...