Rockwell Automation (ROK) Q1 Earnings & Revenues Miss Estimates

Rockwell Automation Inc. (ROK) reported adjusted earnings per share (EPS) of $2.04 in first-quarter fiscal 2024 (ended Dec 31, 2023), missing the Zacks Consensus Estimate of earnings of$2.62 per share. The bottom line declined 17% year over year, mainly due to lower operating margins in the Intelligent Devices and Software & Control segments.Including other one-time items, earnings were $1.86 per share in the quarter compared with the year-ago quarter’s earnings of$3.31 per share.Total revenues were $2.05 ...