BUZZ-Rockwell Automation jumps after Q1 profit beat

Reuters
02-10
BUZZ-Rockwell Automation jumps after Q1 profit beat

** Shares of automation products maker Rockwell Automation ROK.N up 7.1% at $284.05 premarket

** Co posts a higher-than-expected Q1 profit, helped by strength in its lifecycle services unit

** Reports Q1 adj profit of $1.83 per share, above analysts' average estimate of $1.59 per share, according to data compiled by LSEG

** Posts Q1 revenue of $1.88 bln, in line with estimates

** Co reaffirms its adjusted EPS forecast range of $8.60 - $9.80

** Stock falls ~8% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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