Rockwell Automation Inc. Q2 Income Declines 17%

(RTTNews) - Rockwell Automation Inc. (ROK) released earnings for second quarter that dropped from last year.

The company said its bottom line declined to $180.0 million, or $1.37 per share. This was lower than $216.0 million, or $1.59 per share, in last year's second 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 7.1% to $1.44 billion. This was down from $1.55 billion last year.

Rockwell Automation Inc. earnings at a glance:

-Earnings (Q2): $180.0 Mln. vs. $216.0 Mln. last year. -Earnings Decline (Y-o-Y): -16.7% -EPS (Q2): $1.37 vs. $1.59 last year. -EPS Decline (Y-o-Y): -13.8% -Analysts Estimate: $1.33 -Revenue (Q2): $1.44 Bln vs. $1.55 Bln last year. -Revenue Change (Y-o-Y): -7.1%

-Guidance: Full year EPS guidance: $5.75 - $6.15