Rockwell Automation (ROK) Tops Q1 EPS by 22c, Slight Miss on Revenues; Boosts FY18 EPS Above Consensus
Rockwell Automation (NYSE: ROK) reported Q1 EPS of $1.96, $0.22 better than the analyst estimate of $1.74. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.6 billion.
- Reported sales up 6.5 percent year over year; organic sales up 5.3 percent
- Diluted loss per share of $(1.84); Adjusted EPS of $1.96
- Diluted loss per share includes $(3.68) of provisional charges related to the Tax Cuts and Jobs Act of 2017 (the "Tax Act")
- Updating fiscal 2018 Diluted EPS guidance: $3.67 - $3.97
- Increasing fiscal 2018 Adjusted EPS guidance: $7.60 - $7.90
GUIDANCE:
Rockwell Automation sees FY2018 EPS of $7.60-$7.90, versus the consensus of $7.48.
For earnings history and earnings-related data on Rockwell Automation (ROK) click here.
