Rockwell Automation Inc. (ROK) reported first quarter income from continuing operations of $0.54 per share Wednesday morning, down from $0.81 per share last year. The consensus estimate was for EPS of $0.36. The company expects to report full year 2010 EPS of $2.00 to $2.40, compared to the consensus estimate of $1.74.
Rockwell Automation gapped open sharply higher Wednesday and is now up 4.84 at $51.00 on above average volume. The stock has risen above a month and a half long range and has set a new high for the year.
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