Rockwell Automation Revised FY23 Sales Growth To 14.0%-16.0% Y/Y (Prior 12.5%-16.5%) Vs $8.94B Est, Adjusted EPS $11.70-$12.10 (Prior $11.50-$12.20) Vs $12.01 Est
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation has revised its FY23 sales growth to 14.0%-16.0% year-on-year, compared to the previous estimate of 12.5%-16.5%. The company also adjusted its EPS to $11.70-$12.10 from the prior $11.50-$12.20.
August 01, 2023 | 11:28 am
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Rockwell Automation's revised FY23 sales growth and adjusted EPS could potentially impact its stock price.
Rockwell Automation's upward revision of its FY23 sales growth and slight adjustment of its EPS indicates a positive outlook for the company. This could potentially attract investors, leading to an increase in the stock price in the short term.
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