UPDATE: Rockwell Automation Posts Downbeat FQ1 Profit

Rockwell Automation

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.