Rockwell Automation (ROK) Tops Q1 EPS by 22c, Slight Miss on Revenues; Boosts FY18 EPS Above Consensus

Rockwell Automation (NYSE: ROK) reported Q1 EPS of $1.96, $0.22 better than the analyst estimate of $1.74. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.6 billion.

• Reported sales up 6.5 percent year over year; organic sales up 5.3 percent
• Diluted loss per share of $(1.84); Adjusted EPS of $1.96
• Diluted loss per share includes $(3.68) of provisional charges related to the Tax Cuts and Jobs Act of 2017 (the "Tax Act")
• Updating fiscal 2018 Diluted EPS guidance: $3.67 - $3.97
• Increasing fiscal 2018 Adjusted EPS guidance: $7.60 - $7.90

GUIDANCE:

Rockwell Automation sees FY2018 EPS of $7.60-$7.90, versus the consensus of $7.48.

For earnings history and earnings-related data on Rockwell Automation (ROK) click here.

You May Also Be Interested In

• Rockwell Automation launches FactoryTalk Orchestration software
• Pfizer lung cancer drug misses survival goal in Phase 3 trial
• AXT appoints Tracy Liu to its board of directors