MILWAUKEE (AP) — Rockwell Automation Inc. (ROK) on Wednesday reported a fiscal first-quarter loss of $236.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Milwaukee-based company said it had a loss of $1.84. Earnings, adjusted for pretax expenses and non-recurring costs, came to $1.96 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The industrial equipment and software maker posted revenue of $1.59 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $1.6 billion.
Rockwell Automation expects full-year earnings in the range of $7.60 to $7.90 per share.
Rockwell Automation shares have increased 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. The stock has climbed 46 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROK at https://www.zacks.com/ap/ROK
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