Rockwell Automation Reduces Midpoint Of 2019 Adj. EPS Guidance - Quick Facts

(RTTNews) - Rockwell Automation, Inc. (ROK) announced, given the weakness in automotive, the company reduced the high end of its 2019 guidance range for organic sales growth and adjusted EPS. The mid-point of the updated adjusted EPS guidance range is now $9.00, compared to $9.05 in previous guidance. For 2019, adjusted EPS is now projected in a range of $8.85 - $9.15, and organic sales growth in a range of 3.7% to 5.3%. Analysts polled by Thomson Reuters expect the company to report profit per share of $9.02. Analysts' estimates typically exclude special items.

For the second quarter, adjusted EPS was $2.04, up 8 percent compared to $1.89, a year ago. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $2.08 for the quarter.

Second-quarter sales were $1.66 billion, up 0.4 percent from $1.65 billion, prior year. Organic sales grew 3.6 percent, for the quarter. Analysts expected revenue of $1.71 billion for the quarter.

Shares of Rockwell Automation were down more than 3% in pre-market trade on Thursday.