Rockwell Automation Corp. (ROK) Misses Q2 EPS by 9c; Reaffirms

Rockwell Automation Corp. (NYSE: ROK) reported Q2 EPS of $1.35, $0.09 worse than the analyst estimate of $1.44. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.61 billion.

Rockwell Automation Corp. reaffirms FY2014 EPS of $6.00-$6.35, versus the consensus of $6.27. Rockwell Automation Corp. sees FY2014 revenue of $6.6 billion, versus the consensus of $6.69 billion.

Commenting on the results, Keith D. Nosbusch, chairman and chief executive officer, said, “Sales were strong in the quarter with 7 percent organic growth. I was particularly pleased to see growth in all regions for the first time in over a year. Adjusted Earnings per Share in the first half of the fiscal year grew a healthy 10 percent in spite of a significant headwind from a higher tax rate.”

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

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