BUZZ-Rockwell Automation slides after annual profit forecast falls below expectations

Reuters
Feb 05
BUZZ-Rockwell Automation slides after annual profit forecast falls below expectations

** Shares of Rockwell Automation ROK.N slump 6.9% to $400 premarket

** The maker of industrial automation products raises profit forecast; now expects FY adjusted profit per share of $11.40 to $12.20, from $11.20 to $12.20 per share, previously

** However, midpoint of new forecast still below analysts' average estimate of $12.02 per share, according to data compiled by LSEG

** ROK posts Q1 profit above Wall Steet estimates as sustained industrial demand buoyed its topline while cost saving measures helped boost margins

** Reports Q1 adjusted profit per share of $2.75 per share vs analysts' average estimate of $2.46

** Quarterly sales rose nearly 12% YoY to $2.11 billion

** In 2025, ROK's stock surged 36.2%

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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