Rockwell Automation Inc
ROK: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $137.00 | Tldbj | Lkblnrwcj |
Rockwell Earnings: Shares Down Following Fiscal 2024 First-Quarter Earnings; We See an Opportunity
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The market sent Rockwell’s shares down 15% in intraday trading, following the company’s first-quarter earnings and sales miss. Adjusted EPS declined 17% year on year to $2.04 and was 22% lower than the FactSet consensus estimates. Management pointed to increased investment spending, lower supply chain utilization, and negative sales mix. Higher investment spending had the biggest impact, bringing adjusted EPS down by $0.40 in the quarter.