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Rockwell Automation Slashes FY24 Outlook - Update

RTTNews | il y a 446

Rockwell Automation Slashes FY24 Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, Rockwell Automation, Inc. (ROK) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2024.

For fiscal 2024, the company now projects earnings of about $8.32 per share and adjusted earnings of about $9.60 per share on revenue decline of about 8.5 percent, with organic sales decline of about 10.0 percent.

Previously, the company expected earnings in a range of $8.80 to $9.80 per share and adjusted earnings in a range of $10.00 to $11.00 per share on revenue decline of 6.0 to 4.0 percent, with organic sales decline of 8.0 to 0.6 percent.

On average, 25 analysts polled by Thomson Reuters expect the company to report earnings of $10.11 per share on revenue decline of 5.2 percent to $8.59 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Rockwell Automation To Acquire Verve Industrial Protection For Undisclosed Terms

Rockwell Automation To Acquire Verve Industrial Protection For Undisclosed Terms

Rockwell Automation, Inc. (ROK) announced Friday it has signed a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company. The financial terms of the deal were not disclosed.

RTTNews | il y a 735

Rockwell Automation To Acquire CUBIC For Undisclosed Terms

Rockwell Automation To Acquire CUBIC For Undisclosed Terms

Industrial automation firm Rockwell Automation, Inc. (ROK) announced Monday that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels.

RTTNews | il y a 1120

Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market closed on a weak note on Monday, after languishing in negative territory right through the day's trading session as investors remained hesitant to pick up stocks, choosing to wait for some crucial economic data, and the monetary policy announcements from several central banks.

RTTNews | il y a 2h 31min

European Stocks Close Mostly Higher On Easing Trade Tensions

European Stocks Close Mostly Higher On Easing Trade Tensions

European stocks closed on a positive note on Monday with investors focusing on the upcoming monetary policy announcements from several central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan, and following the developments on U.S.-China trade front.

RTTNews | il y a 2h 47min

German Business Confidence Improves On Stronger Expectations: Ifo

German Business Confidence Improves On Stronger Expectations: Ifo

Business morale in Germany rebounded more than expected in October as companies' expectations were the strongest in over three-and-a-half years, though they gave a weaker assessment of the current situation for a third month in a row, results of a closely watched survey by the ifo institute showed on Monday.

RTTNews | il y a 5h 4min

Dollar Rebounds As US-China Trade Tensions Ease

Dollar Rebounds As US-China Trade Tensions Ease

The U.S. dollar ended up higher against major currencies during the week ended October 24 amidst an easing in trade tensions between the U.S. and China.

RTTNews | il y a 6h 30min

Bay Street May Open On Mixed Note

Bay Street May Open On Mixed Note

The Canadian market is likely to open on a mixed note on Monday. Easing worries about U.S.-China trade tensions may aid sentiment, while weak commodity prices could weigh on resources stocks and limit market's upside, if any.

RTTNews | il y a 8h 17min

FTSE 100 Moves In Tight Band; Fresnillo Down Sharply

FTSE 100 Moves In Tight Band; Fresnillo Down Sharply

UK stocks are moving in a tight range on Monday with investors mostly making cautious moves, looking ahead to the monetary policy meetings of the Federal Reserve, the European Central Bank and the Bank of Japan.

RTTNews | il y a 9h 8min

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