WASHINGTON (dpa-AFX) - Rockwell Automation Inc. (ROK) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $239.1 million, or $2.09 per share. This compares with $302.9 million, or $2.61 per share, in last year's fourth quarter.
Excluding items, Rockwell Automation Inc. reported adjusted earnings of $2.47 per share for the period.
Analysts on average had expected the company to earn $2.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 20.6% to $2.035 billion from $2.562 billion last year.
Rockwell Automation Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $239.1 Mln. vs. $302.9 Mln. last year. -EPS (Q4): $2.09 vs. $2.61 last year. -Revenue (Q4): $2.035 Bln vs. $2.562 Bln last year.
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