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Business News

Rockwell Automation: Fiscal Q4 Earnings Snapshot

MILWAUKEE (AP) — MILWAUKEE (AP) — Rockwell Automation Inc. (ROK) on Thursday reported fiscal fourth-quarter net income of $302.9 million.

By AP News·1 min read·Updated November 2, 2023
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MILWAUKEE (AP) — MILWAUKEE (AP) — Rockwell $ROK Automation Inc. (ROK) on Thursday reported fiscal fourth-quarter net income of $302.9 million.

On a per-share basis, the Milwaukee-based company said it had net income of $2.61. Earnings, adjusted for non-recurring costs, were $3.64 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.49 per share.

The industrial equipment and software maker posted revenue of $2.56 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.44 billion.

For the year, the company reported profit of $1.39 billion, or $11.95 per share. Revenue was reported as $9.06 billion.

Rockwell Automation expects full-year earnings in the range of $12 to $13.50 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROK at https://www.zacks.com/ap/ROK

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