Rockwell Automation Q3 2024 Adj. EPS $2.71 Beats $2.08 Estimate, Sales $2.051B Miss $2.062B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation (NYSE:ROK) reported Q3 2024 adjusted EPS of $2.71, beating the $2.08 estimate by 30.29%. However, sales of $2.051 billion missed the $2.062 billion estimate by 0.51%. Both EPS and sales showed a decline compared to the same period last year.
August 07, 2024 | 11:01 am
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Rockwell Automation's Q3 2024 adjusted EPS of $2.71 beat estimates by 30.29%, but sales of $2.051 billion missed estimates by 0.51%. Both EPS and sales declined year-over-year.
The significant beat on EPS is a positive indicator, but the miss on sales and the year-over-year decline in both EPS and sales could neutralize the impact. Investors may have mixed reactions, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100