Rockwell Automation beats by $0.11, beats on revs; updates FY17 outlook
- Reports Q3 (Jun) earnings of $1.76 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $1.65; revenues rose 8.5% year/year to $1.6 bln vs the $1.58 bln Capital IQ Consensus.
- Co updates guidance for FY17, sees EPS of $6.60-6.80 (Prior $6.45-6.75), excluding non-recurring items, vs. $6.66 Capital IQ Consensus Estimate; sees FY17 revs of ~$6.29 bln (+~7%) (Prior +4.5-7.5%) vs. $6.27 bln Capital IQ Consensus Estimate.
- "I am pleased to see broad-based sales growth across regions and industries. Growth was led by double-digit increases in Asia Pacific and Latin America. The U.S., our largest market, was up 10 percent, including the contribution from acquisitions. Transportation, food and beverage, and semiconductor were strong."