Rockwell Automation (ROK) Q2 Earnings Top Estimates, Decline Y/Y

Rockwell Automation Inc. (ROK) reported adjusted earnings per share (EPS) of $2.50 in second-quarter fiscal 2024 (ended Mar 31, 2024), surpassing the Zacks Consensus Estimate of$2.15. The bottom line declined 17% year over year, primarily attributed to lower sales volume and operating margins in the Intelligent Devices, and Software & Control segments. This was somewhat offset by the improved performance of the Lifecycle Services segment.Including one-time items, earnings were $2.31 per share compared with ...