31.01.2024 16:03:15 - dpa-AFX: Rockwell Automation Shares Sink After Profit Missed Estimates, Outlook Cut

WASHINGTON (dpa-AFX) - Shares of Rockwell Automation, Inc. (ROK), a provider
of industrial automation and digital transformation solutions, are falling more
than 15% Wednesday morning after reporting lower profit for the first quarter.
The company also cut its full-year earnings outlook.

Profit for the quarter declined to $215.2 million, or $1.86 per share from
$384.0 million, or $3.31 per share, in last year's first quarter.

Excluding items, Rockwell reported earnings of $236.0 million or $2.04 per share
for the period, that missed the average estimate of analysts polled by
Thomson-Reuters of $2.64 per share.

For the full year, the company now expects EPS in the range of $11.24 - $12.74,
lower than its earlier outlook of $11.49 - $12.99.

ROK, currently at $262.15, has traded in the range of $252.19 - $348.52 in the
last 52 weeks.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ROCKWELL AU. DL 1 903978 Frankfurt 240,600 14.06.24 08:29:15 +0,900 +0,38% 243,000 245,300 240,600 239,700

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