Rockwell Automation Reports Third Quarter 2019 Results
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Rockwell Automation (ROK) Tops Q3 EPS by 11c, Revenues Miss; FY19 EPS Guidance Below Consensus
July 25, 2019 7:04 AM EDTRockwell Automation (NYSE: ROK) reported Q3 EPS of $2.40, $0.11 better than the analyst estimate of $2.29. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.72 billion.
Reported sales down 2.0 percent year over year; organic sales up 0.5 percentDiluted EPS of $2.20; Adjusted EPS of $2.40Updating fiscal 2019 Diluted EPS guidance: $7.58 - $7.78Updating fiscal 2019 Adjusted EPS guidance: $8.50 - $8.70Board authorized additional $1.0 billion for share repurchasesCommenting on the third quarter results, Blake D. Moret, chairman and chief executive officer, said, "Globally, organic sales were up 0.5 percent. In general, we... More
