Plus   Neg

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers union on Sunday called for a strike at General Motors at midnight after both the parties failed to reach a tentative deal before a Saturday deadline. The last time the union declared a strike at GM was in 2007. General Motors has detailed its most recent offer, including 5,400 jobs and $7 billion in investment at its US plants. The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union.... Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among...
Follow RTT