Rockwell Automation Exceeds Q1 Expectations with $184M Net Income
Rockwell Automation Inc. (ROK) reported a solid fiscal first quarter with a net income of $184 million, resulting in earnings per share of $1.61. Excluding non-recurring costs, earnings reached $1.83 per share, surpassing analysts' consensus estimate of $1.61.
Revenue for the period amounted to $1.88 billion, also exceeding forecasts. The company's performance reflects strong demand for its industrial equipment and software solutions.
For the full year, Rockwell Automation projects earnings within a range of $8.60 to $9.80 per share.