Rockwell Automation Q3 Adj EPS $3.01 Misses $3.17 Estimate, Sales $2.24B Miss $2.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation (NYSE:ROK) reported Q3 earnings of $3.01 per share, missing the analyst consensus estimate of $3.17 by 5.05%. The company also reported quarterly sales of $2.24 billion, missing the analyst consensus estimate of $2.33 billion by 3.91%. However, both earnings and sales increased compared to the same period last year.
August 01, 2023 | 11:21 am
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Rockwell Automation's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Rockwell Automation's earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the company did show year-over-year growth, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100