Rockwell Automation Inc. (ROK) on Wednesday reported fiscal
fourth-quarter profit of $204.6 million.
On a per-share
basis, the Milwaukee-based company said it had net income of $1.57.
Earnings, adjusted for non-recurring costs, came to $1.69 per share.
missed Wall Street expectations. The average estimate of 10 analysts
surveyed by Zacks Investment Research was for earnings of $1.72 per
equipment and software maker posted revenue of $1.67 billion in the
period, which topped Street forecasts. Seven analysts surveyed by
Zacks expected $1.66 billion.
For the year,
the company reported profit of $825.7 million, or $6.35 per share.
Revenue was reported as $6.31 billion.
Automation expects full-year earnings in the range of $7.20 to $7.50
Automation shares have climbed 49 percent since the beginning of the
year, while the Standard & Poor’s 500 index has increased 16
percent. The stock has increased 62 percent in the last 12 months.