Thursday, industrial automation and software provider Rockwell Automation reported fiscal-fourth-quarter adjusted earnings per share of $3.64 on sales of $2.6 billion. Wall Street had expected adjusted earnings per share $3.47 on sales of $2.4 billion, according to FactSet.
The midpoint of the new guidance is a little below Wall Street estimates, but Rockwell typically beats its guidance. Rockwell’s original fiscal 2023 earnings-per-share guidance range was from $10.20 to $11, on sales of $8.3 billion to $8.7 billion. Rockwell ended up earning $12.12 per share on sales of $9.1 billion.
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