Rockwell Automation Inc. (ROK) reported earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $241.5 million, or $2.05 per share. This compares with $593.3 million, or $5.06 per share, in last year's first quarter.
Excluding items, Rockwell Automation Inc. reported adjusted earnings of $2.14 per share for the period.
Analysts on average had expected the company to earn $1.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.5% to $1.86 billion from $1.57 billion last year.
Rockwell Automation Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $241.5 Mln. vs. $593.3 Mln. last year.-EPS (Q1): $2.05 vs. $5.06 last year.-Analyst Estimates: $1.91-Revenue (Q1): $1.86 Bln vs. $1.57 Bln last year.
-Guidance:Full year EPS guidance: $10.50 - $11.10
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