Rockwell Automation (ROK) Tops Q1 EPS by 16c; Revises Outlook
Get Alerts ROK Hot Sheet
EPS Growth %: -100.0%
Financial Fact:
Total cost of sales: -886.7M
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
Rockwell Automation (NYSE: ROK) reported Q1 EPS of $1.49, $0.16 better than the analyst estimate of $1.33. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.38 billion.
GUIDANCE:
Rockwell Automation revised FY2016 EPS of $5.70-$6.20, versus the consensus of $5.95. Rockwell Automation sees FY2016 revenue of $5.9 billion, versus the consensus of $5.92 billion.
Commenting on the outlook, Nosbusch added, “Since providing guidance in November, oil and commodity prices have further deteriorated, and projections for economic growth including industrial production have softened. As a result, we are lowering the mid-point of our organic growth guidance by one point. Taking into account an additional headwind from currency, we are now expecting fiscal 2016 sales of approximately $5.9 billion and are updating our Adjusted EPS guidance range to $5.70 to $6.20.
"We have a proven track record of navigating through challenging market conditions, balancing short-term financial performance with our long-term priorities. We will protect our key investments in innovation, domain expertise and commercial resources, and will continue to expand our served market and gain share. I am very optimistic on our long-term growth prospects, and would like to thank our employees, partners and suppliers for their continued dedication in serving our customers.”
For earnings history and earnings-related data on Rockwell Automation (ROK) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nanometrics (NANO) Issues Business Update, Reports FY23 Results
- ChampionX (CHX) Tops Q1 EPS by 8c
- Ford (F) earnings beat estimates in Q1, revenue falls short; stock up
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!