logo
Plus   Neg
Share
Email

Rockwell Automation Raises FY18 Outlook - Quick Facts

Rockwell Automation Inc. (ROK) on Wednesday raised its adjusted earnings guidance for the full year 2018 to a range of $7.90 to $8.10 per share from the prior forecast range of $7.70 to $8.00 per share.

The company also raised its reported sales growth outlook to about 6 percent from the previous growth range of 4.5 to 7.5 percent. Organic sales growth is now projected at about 5.5 percent, up from the prior guidance range of 3.5 to 6.5 percent. However, it continues to project fiscal 2018 reported sales of about $6.7 billion.

On average, analysts polled by Thomson Reuters expect the company to earn $7.87 per share on revenues of $6.70 billion for the year. Analysts' estimates typically exclude special items.

Third-quarter earnings per share decreased to $1.58 from $1.67 in the prior year. Excluding certain items, adjusted earnings were $2.16 per share. Revenue grew 6.2 percent to $1.70 billion from last year's $1.60 billion. Organic sales were up 5.7 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Luckin Coffee Inc., Starbucks Corp.'s biggest rival in China, filed for an Initial Public Offering in the U.S. In a filing with the Securities and Exchange Commission, the China-based coffee chain said it has applied for listing its American Depositary Shares or ADSs on the Nasdaq under the symbol "LK" and also set a placeholder amount of $100 million. Micro-blogging site Twitter Inc. (TWTR) Tuesday reported a surge in its first-quarter profit. Both earnings and revenues beat analysts' estimates, sending shares up by 6 percent in the pre-market trading. But, Twitter's average monthly active users or MAU figure declined from last year. Verizon Communications Inc. on Tuesday reported a nearly 11 percent increase in profit for the first quarter from last year on higher wireless revenues and flat expenses. Adjusted earnings per share for the quarter beat analysts' estimates, while revenues were in-line with expectations. Looking ahead, the company raised its adjusted earnings outlook for fiscal 2019.
Follow RTT