ADVFN - Advanced Financial Network.
HOME» NYSE » R » ROK Stock Price » ROK Stock News

Rockwell Automation Share News

 Rockwell Automation, Inc. Stock Price
ROK Stock Price
 Rockwell Automation, Inc. Stock Chart
ROK Stock Chart
 Rockwell Automation, Inc. Stock News
ROK Stock News
 Rockwell Automation, Inc. Company Information
ROK Company Information
 Rockwell Automation, Inc. Stock Trades
ROK Stock Trades

Rockwell Automation Profit Plunges 77% On Decline In Margins

DOW JONES NEWSWIRES Rockwell Automation Inc. (ROK) fiscal fourth-quarter earnings fell 77% on a decline in revenue and profit margins, but the bottom line widely beat analysts' predictions. Chairman and Chief Executive Keith D. Nosbusch said while year-over-year results for the maker of factory-automation equipment and software were weak, the company saw sequential revenue growth, indicating stabilization in demand and economic conditions. Strength in emerging economies in Latin America and the Asia Pacific region has failed to offset weakness in its two largest markets, Europe and North America. Rockwell's sales and profit declined sharply in the recession as manufacturers--seeing orders shrivel--reduced capacity. For the quarter ended Sept. 30, the company posted a profit of $28.9 million, or 20 cents a share, down from $125.6 million, or 87 cents a share, a year earlier. Excluding restructuring and other charges, profit fell to 37 cents from $1.08 a share. Revenue decreased 28% to $1.07 billion. A survey of analysts by Thomson Reuters anticipated a 27-cent profit per share on $1.06 billion in revenue. Gross margin dropped to 34% from 39.6%. The architecture and software division had a 74% drop in profit, while the control products and solutions division's earnings dropped two-thirds. Revenue fell 31% and 25% at the divisions, respectively. Rockwell projected earnings for the just-started fiscal year of $1.25 to $1.75 a share on revenue between $4.1 billion and $4.4 billion. Analysts projected $1.51 a share and $4.22 billion. Shares closed Friday at $43.32 and weren't active premarket. The stock, which has more than doubled from a six-year low in March, is up 34% in 2009. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;

Stock News for Rockwell Automation (ROK)
05/27/201614:30:00Rockwell Automation to Present at Bernstein Conference
05/20/201617:15:50Statement of Changes in Beneficial Ownership (4)
05/19/201613:38:56Current Report Filing (8-k)
05/10/201618:30:13Statement of Changes in Beneficial Ownership (4)
05/09/201611:16:00Rockwell Automation to Present at Electrical Products Group Conference
05/05/201619:29:39Statement of Changes in Beneficial Ownership (4)
05/04/201611:45:45Quarterly Report (10-q)
05/03/201618:43:28Statement of Changes in Beneficial Ownership (4)
05/02/201618:43:10Initial Statement of Beneficial Ownership (3)
04/27/201607:29:24Current Report Filing (8-k)
04/27/201607:00:00Rockwell Automation Reports Second Quarter 2016 Results
04/20/201609:00:00Symantec Partners with Rockwell Automation to Maximize Security...
04/19/201612:57:00Rockwell Automation Anuncia Cambios en el Liderazgo: Blake Moret...
04/19/201611:51:00Rockwell Automation anuncia mudanças na administração: Blake Mo...
04/19/201610:09:00Rockwell Automation kündigt Führungswechsel an: Blake Moret z...
04/19/201608:20:00Rockwell Automation Names New CEO
04/19/201607:16:28Current Report Filing (8-k)
04/19/201607:00:00Rockwell Automation Announces Leadership Changes: Blake Moret...
04/19/201607:00:00Rockwell Automation annonce des changements au sein de sa direction :...
04/18/201602:20:00New Fanuc Technology Connects Robots to Networks

Rockwell Automation and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations