Rockwell Automation Inc. (ROK: Quote) reported that its first-quarter net income decreased to $161.4 million or $1.14 per share from $183.3 million or $1.27 per share last year. Adjusted profit per share for the quarter was $1.23. On average, 16 analysts polled by Thomson Reuters expected the company to report profit of $1.27 per share for the quarter. Analysts’ estimates typically exclude special items.
First-quarter sales were $1.49 billion, up 1 percent from $1.47 billion last year. Organic sales increased 1.5 percent and currency translation reduced sales by less than 1 percentage point. Analysts expected revenue of $1.48 billion for the quarter.
The company reaffirmed its outlook for fiscal 2013. The company expects sales to be in the range of $6.35 billion to $6.65 billion, with corresponding adjusted profit per share of $5.35 to $5.75. Analysts expect the company to report fiscal 2013 profit per share of $5.57 on revenue of $6.48 billion.
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by RTT Staff Writer
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