Rockwell Automation Inc. Bottom Line Retreats 12% In Q1

(RTTNews) - Rockwell Automation Inc. (ROK) announced earnings for first quarter that declined compared to the same period last year.

The company said its profit declined to $197.6 million, or $1.49 per share. This was lower than $224.8 million, or $1.64 per share, in last year's first quarter.

Analysts had expected the company to earn $1.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.9% to $1.43 billion. This was down from $1.57 billion last year.

Rockwell Automation Inc. earnings at a glance:

-Earnings (Q1): $197.6 Mln. vs. $224.8 Mln. last year. -Earnings Decline (Y-o-Y): -12.1% -EPS (Q1): $1.49 vs. $1.64 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $1.33 -Revenue (Q1): $1.43 Bln vs. $1.57 Bln last year. -Revenue Change (Y-o-Y): -8.9%