Rockwell Automation stock was tumbling right after the industrial automation large documented good earnings to finish off its fiscal yr but available lessen-than-predicted guidance. Profits are strong, but manufacturing organizations just can’t shake off offer-chain challenges that are hitting gain margins.
Wednesday, Rockwell (ticker: ROK) described fiscal fourth-quarter altered for each-share earnings of $3.04 from $2.13 billion in sales. Wall Street was seeking for earnings for each share of $2.97 from $2.11 billion in sales.
Rockwell Automation stock was tumbling right after the industrial automation large documented good earnings to finish off its fiscal yr but available lessen-than-predicted guidance. Profits are strong, but manufacturing organizations just can’t shake off offer-chain challenges that are hitting gain margins.
Wednesday, Rockwell (ticker: ROK) described fiscal fourth-quarter altered for each-share earnings of $3.04 from $2.13 billion in sales. Wall Street was seeking for earnings for each share of $2.97 from $2.11 billion in sales.
