Rockwell Automation first-quarter profit misses as supply disruptions hit shipments
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Rockwell Automation (ROK) slumps after earnings miss and lingering supply chain constraints
January 31, 2024 1:55 PM ESTRockwell Automation (NYSE: ROK) shares plunged more than 15% Wednesday on the back of its latest quarterly results, which saw it miss top and bottom-line consensus expectations.
The company reported first-quarter earnings of $2.04 per share, $0.60 worse than the analyst estimate of $2.64. Revenue for the quarter came in at $2.05 billion, up 3.6% year-on-year but below the consensus estimate of... More
