Rockwell Automation's Q4 Results See Double-Digit Growth In All Regions, CEO Says
Portfolio Pulse from Akanksha Bakshi
Rockwell Automation Inc reported Q4 FY23 sales growth of 20.5% YoY to $2.56 billion, beating the consensus of $2.43 billion. Adjusted EPS was $3.64, above the consensus of $3.45. The company saw double-digit sales growth in all regions and business segments. However, ROK shares are trading lower by 3.32% at $258.08.
November 02, 2023 | 2:55 pm
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NEGATIVE IMPACT
Despite reporting strong Q4 FY23 results with sales and EPS beating consensus, Rockwell Automation's shares are trading lower.
Rockwell Automation reported strong Q4 results, with sales and EPS beating consensus estimates. This typically would be expected to have a positive impact on the stock. However, the company's shares are trading lower, indicating that the market may have had higher expectations or there may be other factors at play affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100