Rockwell Automation (NYSE:ROK) Q3 Adjusted EPS, Revenue Rise; Narrows 2023 Guidance

Rockwell Automation (NYSE:ROK) reported Q3 fiscal 2023 adjusted earnings of $3.01 per diluted share , compared with $2.66 a year earlier.

Analysts polled by Capital IQ expected adjusted EPS of $3.19.

Revenue for the quarter ended June 30 was $2.24 billion, compared with $1.97 billion a year earlier. Analysts surveyed by Capital IQ expected $2.34 billion.

The company narrowed its fiscal year 2023 guidance for adjusted EPS to a range of $11.70 to $12.10 from previous guidance of $11.50 to $12.20. Analysts polled by Capital IQ expected adjusted EPS of $12.50. It also narrowed its annual sales growth guidance to a range of 14% to 16% from previous guidance of 12.5% to 16.5%.

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