Rockwell Automation Slashes FY24 Outlook - Update

RTTNews | il y a 448
Stocktwits
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 1122
Sensex, Nifty Drift Lower In Cautious Trade

Sensex, Nifty Drift Lower In Cautious Trade

Indian shares traded lower on Thursday as investors reacted to hawkish remarks from Fed Chair Jerome Powell and a mixed bag of U.S. tech earnings.
RTTNews | il y a 35 minutes
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | il y a 1h 2min
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming its early losses in mid-market moves on Thursday, but adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with gains in iron ore miners and financial stocks partially offset by weakness in technology stocks.
RTTNews | il y a 1h 49min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, amid optimism about a potential trade deal between the U.S. and China as US President Donald Trump and Chinese President Xi Jinping meet. Traders also react to another quarter point interest rate cut by the US Fed. Asian markets closed mostly higher on Wednesday.
RTTNews | il y a 2h 3min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is modestly lower in choppy trading on Thursday, reversing some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 51,150 level, with weakness in index heavyweights and automaker stocks partially offset by gains in financial and technology stocks.
RTTNews | il y a 3h 48min
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