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Rockwell Automation Reports $338.9M in Q4 Earnings

The results exceeded expectations.

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MILWAUKEE (AP) — Rockwell Automation Inc. (ROK) on Wednesday reported fiscal fourth-quarter earnings of $338.9 million.

On a per-share basis, the Milwaukee-based company said it had net income of $2.91. Earnings, adjusted for non-recurring costs, came to $3.04 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.

The industrial equipment and software maker posted revenue of $2.13 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.11 billion.

For the year, the company reported profit of $932.2 million, or $7.97 per share. Revenue was reported as $7.76 billion.

Rockwell Automation expects full-year adjusted earnings in the range of $10.20 to $11 per share.

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