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Rockwell Automation Reduces Midpoint Of 2019 Adj. EPS Guidance - Quick Facts

Rockwell Automation, Inc. (ROK) announced, given the weakness in automotive, the company reduced the high end of its 2019 guidance range for organic sales growth and adjusted EPS. The mid-point of the updated adjusted EPS guidance range is now $9.00, compared to $9.05 in previous guidance. For 2019, adjusted EPS is now projected in a range of $8.85 - $9.15, and organic sales growth in a range of 3.7% to 5.3%. Analysts polled by Thomson Reuters expect the company to report profit per share of $9.02. Analysts' estimates typically exclude special items.

For the second quarter, adjusted EPS was $2.04, up 8 percent compared to $1.89, a year ago. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $2.08 for the quarter.

Second-quarter sales were $1.66 billion, up 0.4 percent from $1.65 billion, prior year. Organic sales grew 3.6 percent, for the quarter. Analysts expected revenue of $1.71 billion for the quarter.

Shares of Rockwell Automation were down more than 3% in pre-market trade on Thursday.

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