Rockwell Automation Inc (NYSE:ROK) saw its stock rise after reporting strong first-quarter profit and sales, driven by industrial demand and cost-saving measures that boosted margins. The company’s total segment operating earnings increased 36%, and diluted EPS grew significantly due to a higher pre-tax margin and a lower effective tax rate. Although the company narrowed its full-year profit forecast, the midpoint was slightly below Wall Street estimates, but it maintained its sales guidance.
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Rockwell Automation Inc (NYSE:ROK) Margin Expands
Rockwell Automation Inc (NYSE:ROK) saw its stock rise after reporting strong first-quarter profit and sales, driven by industrial demand and cost-saving measures that boosted margins. The company’s total segment operating earnings increased 36%, and diluted EPS grew significantly due to a higher pre-tax margin and a lower effective tax rate. Although the company narrowed its full-year profit forecast, the midpoint was slightly below Wall Street estimates, but it maintained its sales guidance.