Rockwell Automation (ROK) Q3 Earnings Beat Estimates, Decline Y/Y

Rockwell Automation Inc. (ROK) reported adjusted earnings per share (EPS) of $2.71 in third-quarter fiscal 2024 (ended Jun 30, 2024), which surpassed the Zacks Consensus Estimate of$2.11. The bottom line declined 10% year over year, primarily attributed to lower sales volume in the Intelligent Devices, and Software & Control segments, which was offset by the improved performance of the Lifecycle Services segment. Including one-time items, earnings were $2.71 per share compared with$3.01 in the year-ago qu ...