Rockwell Automation, Inc. (ROK) reported first quarter net income of $76.6 million or $0.53 per share, compared to $118.4 million or $0.83 per share last year.
Income per share from continuing operations was $0.54, compared to $0.81 in the same quarter a year earlier.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share. Analysts' estimates typically exclude special items.
Total sales declined to $1.07 billion from $1.19 billion in the prior year quarter.
Seven analysts estimated revenues of $1.05 billion.
The company is revising its full year fiscal 2010 earnings per share guidance to $2.00 to $2.40 on a revenue range of $4.4 billion to $4.6 billion. Earlier, the company expected earnings per share in the range of $1.25-$1.75 and revenue of $4.1 billion -$4.4 billion for fiscal 2010.
Analysts expect the company to earn $1.74 per share, on revenues of $4.34 billion.
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