Rockwell Automation Sees a -3% Decrease in Q4 Earnings; 1% Rise in Revenue; Beats Estimates


Shutterstock photo

Industrial automation manufacturer Rockwell Automation ( ROK ) reported on Monday fourth quarter earnings that beat Wall Street analysts estimates. The firm also reported its 2013 earnings guidance.

The Milwaukee, Wisconsin based company reported fourth quarter net income of $195.2 million, or $1.38 per share, compared to $201.8 million, or $1.39 per share, a year earlier. The $1.38 EPS was 6 cents better than the analyst estimate of $1.32 EPS.

The firms revenue for the quarter was $1.66 billion, up 1% from $1.65 billion a year earlier. Analysts estimated that revenue would come in at $1.62 billion.

Looking forward, Rockwell Automation forecasts fiscal year 2013 EPS of $5.35 to $5.75, compared to the Wall Street consensus of $5.46. The firm sees fiscal year 2013 revenue to be about $6.35 to $6.65 billion, versus analyst consensus of $6.47 billion.

Rockwell Automation shares were up $1.74, or +2.30%, in premarket trading on Monday.

The Bottom Line
Shares of Rockwell Automation ( ROK ) have a 2.49% dividend yield, based on Friday's closing stock price of $75.51. The stock has technical support in the $69-$70 price area. If the shares can firm up, we see overhead resistance around the $80 price level.

Rockwell Automation ( ROK ) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by

This article appears in: Investing , Stocks

More from

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by