Rockwell Automation (NYSE: ROK) reported Q1 EPS of $1.49, $0.16 better than the analyst estimate of $1.33. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.38 billion.

GUIDANCE:

Rockwell Automation revised FY2016 EPS of $5.70-$6.20, versus the consensus of $5.95. Rockwell Automation sees FY2016 revenue of $5.9 billion, versus the consensus of $5.92 billion.

Commenting on the outlook, Nosbusch added, “Since providing guidance in November, oil and commodity prices have further deteriorated, and projections for economic growth including industrial production have softened. As a result, we are lowering the mid-point of our organic growth guidance by one point. Taking into account an additional headwind from currency, we are now expecting fiscal 2016 sales of approximately $5.9 billion and are updating our Adjusted EPS guidance range to $5.70 to $6.20.

"We have a proven track record of navigating through challenging market conditions, balancing short-term financial performance with our long-term priorities. We will protect our key investments in innovation, domain expertise and commercial resources, and will continue to expand our served market and gain share. I am very optimistic on our long-term growth prospects, and would like to thank our employees, partners and suppliers for their continued dedication in serving our customers.”

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