Why Rockwell Automation Stock Is Slumping Today
Portfolio Pulse from Nabaparna Bhattacharya
Rockwell Automation Inc's (NYSE: ROK) shares are trading lower after the company reported Q3 FY23 results below Street expectations. The company reported sales growth of 13.7% YoY to $2.239 billion, missing the consensus of $2.33 billion. Adjusted EPS of $3.01 also missed the analyst consensus of $3.17. The company has narrowed its FY23 Adjusted EPS outlook from $11.50 - $12.20 to $11.70 - $12.10 versus an estimate of $12.01.
August 04, 2023 | 9:17 am
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Rockwell Automation's shares are trading lower after Q3 FY23 results missed expectations. The company has also narrowed its FY23 Adjusted EPS outlook.
Rockwell Automation's shares are trading lower due to the company's Q3 FY23 results missing expectations. This indicates a negative sentiment among investors, which could lead to a short-term decrease in the company's stock price. Additionally, the company has narrowed its FY23 Adjusted EPS outlook, which could further impact investor sentiment.
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