Rockwell Automation Inc. Q1 Profit Decreases, but beats estimates

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.

Full year EPS guidance: $10.50 - $11.10

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