BUZZ-Rockwell Automation jumps after raising 2025 profit forecast

Reuters
07 May
BUZZ-Rockwell Automation jumps after raising 2025 profit forecast

** Rockwell Automation's ROK.N shares rise 9% to $275 premarket

** Company raises 2025 profit forecast banking on stronger margins and demand for automation products

** ROK expects annual adj profit/share to be between $9.20 and $10.20, up from its prior expectation range of $8.60 to $9.80

** Company posts Q2 adj profit of $2.45 per share vs est $2.09/share, according to data compiled by LSEG

** Q2 sales fall nearly 6% to about $2 bln, vs est $1.96 bln

** 13 of 29 brokerages rate the stock "buy" or higher, 13 "hold" and 3 "sell"; median PT $275

** As of last close, stock down 11.5% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10