Rockwell Automation's stock plummeted 9.43% during intraday trading on Thursday, as the market reacted negatively to the company's updated full-year outlook.
The sharp decline came despite the industrial automation company reporting robust first-quarter results that exceeded analyst expectations. Rockwell posted adjusted earnings per share of $2.75, beating the FactSet consensus estimate of $2.47, while sales rose 12% year-over-year to $2.11 billion, also above expectations.
However, investor sentiment turned negative as the company's fiscal 2026 revenue guidance of approximately $8.80 billion came in below the FactSet consensus estimate of $8.85 billion. Furthermore, while Rockwell narrowed and raised the low end of its adjusted EPS forecast to a range of $11.40 to $12.20, the midpoint of this new range fell short of analyst estimates.