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Rockwell Automation (ROK) Q3 Earnings Beat, Sales In-Line

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Rockwell Automation Inc. (ROK - Free Report) the world’s largest company dedicated to industrial automation, reported third-quarter fiscal 2018 results, wherein adjusted earnings of $2.16 surpassed the Zacks Consensus Estimate of $2.03.
 
Revenue: Rockwell Automation reported revenues of $1,699 million in the fiscal third quarter, in-line with the Zacks Consensus Estimate.
 
Earnings Estimates Revision: The earnings estimate revisions for Rockwell Automation has gone down 0.5% over the last 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of 5.64%.
 
Rockwell Automation, Inc. Price and EPS Surprise
 
Rockwell Automation, Inc. Price and EPS Surprise

Rockwell Automation, Inc. price-eps-surprise | Rockwell Automation, Inc. Quote

Outlook:  For 2018, the company raised its adjusted EPS guidance to $7.90-$8.10 from the prior band of $7.70-$8.00. It increased its organic sales growth guidance to 5.5% and projects fiscal 2018 reported sales to be about $6.7 billion. 

Zacks Rank: Currently, Rockwell Automation has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.

Market Reaction: Rockwell Automation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
 
Check back later for our full write up on this Rockwell Automation earnings report later!
 
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