Rockwell Automation (ROK) Misses Q3 EPS by 17c; updates guidance

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Rockwell Automation (ROK) sales impacted by US distribution center change

August 1, 2023 11:53 AM EDT

Rockwell Automation (NYSE: ROK) tumbled Tuesday after missing its third-quarter profit and revenue expectations and cutting sales guidance.

The industrial automation business revealed earnings of $3.01 per share, $0.17 worse than the analyst estimate of $3.18, while revenue for the quarter came in at $2.24 billion, up... More