Rockwell Automation Slashes FY24 Outlook - Update

RTTNews | 334 days ago
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

Tags: ROK
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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 | 1008 days ago
European Shares Set For Lower Open With Focus On US Tariffs

European Shares Set For Lower Open With Focus On US Tariffs

European stocks look set to open broadly lower on Tuesday after U.S. President Donald Trump imposed new tariff rates on partners including Japan and South Korea but left the door open for additional negotiations, saying that the earlier notifications were "not 100 percent firm."
RTTNews | 15 minutes ago
European Economic News Preview: Germany Foreign Trade Data Due

European Economic News Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's foreign trade data for May. Exports are forecast to remain flat in May after falling 1.7 percent in April. The trade surplus is seen at EUR 18.1 billion compared to April's EUR 14.6 billion surplus.
RTTNews | 29 minutes ago
Mild Selling Pressure Tipped For Thai Stock Market

Mild Selling Pressure Tipped For Thai Stock Market

The Thai stock market ticked higher again on Monday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,125-point plateau and it's likely to remain rangebound again on Tuesday.
RTTNews | 3h 52min ago
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday ended the four-day losing streak in which it had slumped more than 60 points or 0.9 percent. The Jakarta Composite Index now sits just above the 6,900-point plateau although it's likely to turn lower again on Tuesday.
RTTNews | 4h 22min ago
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