Rockwell Automation Sees FY17 Earnings In Line With View - Quick Facts

(RTTNews) - While reporting its fourth-quarter financial results today, Rockwell Automation Inc. (ROK) provided financial outlook for fiscal 2017 and forecast adjusted earnings in line with analysts' estimates.

For fiscal 2017, Rockwell Automation forecast earnings of $5.46 to $5.86 per share, adjusted earnings of $5.85 to $6.25 per share and reported sales growth of 1 percent to 5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.98 per share for the year on revenues of $5.88 billion. Analysts' estimates typically exclude special items.

Blake Moret, president and chief executive officer, said, "We saw solid sequential growth in our product businesses over the last two quarters that we project will continue into fiscal 2017. We expect heavy industries to be about flat year-over-year, with continued growth in our automotive and consumer verticals."