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Rockwell Automation sales, profit top estimates

Nov 05 2012, 21:08 IST
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SummaryRockwell Automation Inc posted a higher-than-expected quarterly profit on Monday and gave a fiscal 2013 forecast whose midpoint was ahead of Wall Street estimates.

Rockwell Automation Inc posted a higher-than-expected quarterly profit on Monday and gave a fiscal 2013 forecast whose midpoint was ahead of Wall Street estimates.

The U.S. maker of factory automation systems said it had earned $195.2 million, or $1.38 per share, in the fourth quarter ended Sept. 30, down from $201.8 million, or $1.39 per share, a year earlier.

Analysts on average had expected a profit of $1.32 per share, according to Thomson Reuters I/B/E/S.

Revenue rose 1 percent to $1.66 billion, also ahead of Wall Street forecasts.

The Milwaukee-based company said it expected a profit of $5.35 to $5.75 per share, excluding certain items, on sales of $6.35 billion to $6.65 billion for the new fiscal year. Analysts had forecast 2013 earnings of $5.46 per share and revenue of $6.47 billion.

Growth will be stronger in the second half of the fiscal year, the company said.

Rockwell's rivals include Emerson Electric Co, Germany's Siemens AG and Japan's Mitsubishi Electric Corp.

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