Investors Like Rockwell Automation Q4 Results

Rockwell Automation ROK reported better than expected results for the fourth quarter and offered upbeat outlook for the fiscal year 2017.

Reports adjusted EPS of $1.52, beats by $0.04.

Generates revenue of $1.538 billion, tops by $0.028 billion.

Expects adjusted EPS of $5.85-$6.25 for fiscal year 2017 versus analysts’ expectations of $4.98.

Sees revenue growth of 1–5 percent in fiscal year 2017 compared to the Street estimations of 0.40 percent.

Rockwell Automation President and CEO Blake Moret said, “The results for the last quarter of fiscal 2016 were a little better than our expectations. We saw positive year-over-year organic growth in the Architecture & Software segment for the first time this year, and some heavy industry markets appear to be stabilizing.”

Following this, the stock traded up 3.27 percent to $121.40 in the pre-market session.