Categories Earnings, Technology

Rockwell Automation (ROK): Q1 2020 Earnings Snapshot

Rockwell Automation (NYSE: ROK) reported Q1 2020 earnings of $2.11 per share, vs. $2.10 expected. GAAP EPS was $2.66 vs. $0.66 in Q1 2019.

Sales increased 2.6% to $1.68 billion, vs. $1.63 billion expected. Organic sales decreased 1% year-over-year.

Architecture & Software sales remained flat at $751.6 million and Control Products & Solutions sales grew 4.9% to $889.2 million.

FY20 reported sales are expected to grow 2-5%.

FY20 GAAP EPS is expected to be $9.09-9.49 and adjusted EPS is expected to be $8.70-9.10.

ROK shares have shed 3% in the past one month.

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Also Read:  Adobe Inc. (ADBE) Q3 2020 Earnings Call Transcript

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