Rockwell Automation first-quarter profit misses as supply disruptions hit shipments
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/9/2026
- Nasdaq ends sharply higher; chip surge offsets Iran worries
- Software stocks slide as Starbucks builds AI tools to replace vendor software
- Applied Materials surges as CEO signals multi-year chip boom
- Oil prices settle 2% lower as economic worries outweigh supply risks
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
- Morgan Stanley Reiterates Overweight Rating on Rocket Lab USA (RKLB), Bull Case Raised to $293
- GameStop stockholders approve share count increase to 2.5 billion
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
- AI bubble fears mount as Zuckerberg admits agent delays and Burry shorts sector
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
Rockwell Automation (ROK) slumps after earnings miss and lingering supply chain constraints
January 31, 2024 1:55 PM ESTRockwell Automation (NYSE: ROK) shares plunged more than 15% Wednesday on the back of its latest quarterly results, which saw it miss top and bottom-line consensus expectations.
The company reported first-quarter earnings of $2.04 per share, $0.60 worse than the analyst estimate of $2.64. Revenue for the quarter came in at $2.05 billion, up 3.6% year-on-year but below the consensus estimate of... More
