Rockwell Automation Slashes FY24 Outlook - Update

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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 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 1121
Malaysia Shares May Reverse Tuesday's Losses

Malaysia Shares May Reverse Tuesday's Losses

The Malaysia stock market on Tuesday ended the three-day winning streak in which it had improved more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,615-point plateau, although it's likely to move back to the upside again on Wednesday.
RTTNews | il y a 23 minutes
Mild Upside Anticipated For Japan Stock Market

Mild Upside Anticipated For Japan Stock Market

The Japan stock market on Tuesday ended the two-day winning streak in which it had rallied more than 1,800 points or 3 percent. The Nikkei 225 now rests just shy of the 50,220-point plateau although it's likely to bounce higher again on Wednesday.
RTTNews | il y a 38 minutes
Renewed Support Seen For KOSPI

Renewed Support Seen For KOSPI

The South Korea stock market on Tuesday ended the wo-day winning streak in which it had gained almost 200 points or 5 percent on its way to a fresh record closing high. The KOSPI now sits just above the 4,010-point plateau and it's expected to tick higher again on Wednesday.
RTTNews | il y a 53 minutes
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