Rockwell Automation sales, profit top estimates

Comments 0
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.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...