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Rockwell Automation Slashes FY24 Outlook - Update

RTTNews | il y a 453

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 742

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 1127

Indonesia Stock Market To Remain Rangebound On Tuesday

Indonesia Stock Market To Remain Rangebound On Tuesday

The Indonesia stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,275-point plateau and it's likely to see little movement on Tuesday.

RTTNews | il y a 1h 4min

Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Monday ended the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 26,150-point plateau and it's tipped to open in the green on Tuesday.

RTTNews | il y a 1h 20min

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.

RTTNews | il y a 1h 27min

China Stock Market May Spin Its Wheels On Tuesday

China Stock Market May Spin Its Wheels On Tuesday

The China stock market on Monday ended the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,975-point plateau and it's likely to be rangebound on Tuesday.

RTTNews | il y a 1h 35min

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

The manufacturing sector in Japan continued to contract in October, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 48.2.

RTTNews | il y a 2h 0min

Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market on Monday snapped the two-day slide in which it had slipped more than 60 points or 0.2 percent. The Taiwan Stock Exchange now sits just above the 28,330-point plateau and it may tick higher again on Tuesday.

RTTNews | il y a 2h 5min

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