UPDATE: Rockwell Automation Posts Downbeat FQ1 Profit
Rockwell Automation (NYSE: ROK) reported a 12% fall in its fiscal first-quarter profit.
Rockwell Automation's quarterly earnings dropped to $161.4 million, or $1.14 per share, versus $183.3 million, or $1.27 per share, in the year-ago period. Excluding items, it earned $1.23 per share, missing analysts' estimates of $1.27 per share.
Its revenue increased 1% to $1.49 billion from $1.47 billion.
Rockwell Automation shares closed at $89.89 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.