Shares of Rockwell Automation Inc. ROK, -0.84% surged 3.5% into record territory in premarket trading Tuesday, after the industrial automation company reported fiscal fourth-quarter profit that beat expectations but sales that missed amid continuing COVID effects and supply chain shortages, and provided an upbeat full-year earnings outlook. Net income for the quarter to Sept. 30 fell to $78.56 million, or 67 cents a share, from $262.7 million, or $2.25 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $2.33 from $1.93, above the FactSet consensus of $2.16. Sales grew 15.1% to $1.81 billion, below the FactSet consensus of $1.90 billion. Intelligent devices sales rose 16.7% to $857.1 million, software and control sales grew 18.8% to $494.1 million and lifecycle services sales rose 8.8% to $456.6 million. For fiscal 2022, the company expects adjusted EPS of $10.50 to $11.10, above the FactSet consensus of $10.26, and sales growth of 16% to 19%, while the FactSet sales consensus of $7.79 billion implies 11.4% growth. The stock has run up 27.5% year to date through Monday, while the S&P 500 SPX, +0.37% has gained 22.8%.<\/p>\n
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Rockwell Automation stock jumps toward a record after profit beat expectations and outlook topped forecasts - MarketWatch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Shares of Rockwell Automation Inc. ROK, -0.84% surged 3.5% into record territory in premarket trading Tuesday, after the industrial automation company reported fiscal fourth-quarter profit that beat expectations but sales that missed amid continuing COVID effects and supply chain shortages, and provided an upbeat full-year earnings outlook. Net income for the quarter to Sept. Continue reading