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Rockwell Automation beats profit estimates on digital consulting demand
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Rockwell Automation beats profit estimates on digital consulting demand
Feb 10, 2025 6:04 AM

Feb 10 (Reuters) - Rockwell Automation ( ROK ) on Monday posted a

higher-than-expected profit for the first quarter, helped by its lifecycle

services unit which caters to digital consulting and services including

cybersecurity, remote monitoring, and asset management.

Shares of the Milwaukee-based company jumped more than 9% before the bell.

"We continue to expect gradual sequential improvement in our sales and

margins as we move through this fiscal year, including potential impacts from

tariffs," said Rockwell CEO Blake Moret.

Peer Emerson also beat first-quarter profit estimates last week, fueled by

resilient demand in its valves and regulators unit.

Sales at Rockwell's lifecycle services unit rose 5% to $546 million in

the quarter ended December 31, from a year earlier.

On an adjusted basis, Rockwell reported a quarterly profit per share of

$1.83, compared with analysts' average estimates of $1.59 per share, according

to data compiled by LSEG.

Quarterly revenue fell about 8.3% to $1.88 billion, which was in line with

estimates.

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