Why Rockwell Automation Stock Surged to a Nearly 12% Gain Today
In its fiscal second quarter of this year, Rockwell Automation (NYSE: ROK) saw both revenue and profitability slip. Yet investors found several silver linings in the company's earnings report posted Wednesday morning, and they rewarded the stock with an almost 12% increase in price on that day. This compared favorably to the S&P 500 index's 0.4% bump higher.The quarter saw Rockwell earn slightly over $2 billion in revenue, down from the over $2.1 billion in the same period of 2024. Headline net income followed a similar trajectory, sliding to $248 million from the year-ago profit of $265 million. On a non-GAAP (adjusted) per-share basis, the company's bottom line was $2.45, marking a slight deterioration from $2.50 in the second quarter of 2024. Image source: Getty Images.Continue reading
In its fiscal second quarter of this year, Rockwell Automation (NYSE: ROK) saw both revenue and profitability slip. Yet investors found several silver linings in the company's earnings report posted Wednesday morning, and they rewarded the stock with an almost 12% increase in price on that day. This compared favorably to the S&P 500 index's 0.4% bump higher.
The quarter saw Rockwell earn slightly over $2 billion in revenue, down from the over $2.1 billion in the same period of 2024. Headline net income followed a similar trajectory, sliding to $248 million from the year-ago profit of $265 million. On a non-GAAP (adjusted) per-share basis, the company's bottom line was $2.45, marking a slight deterioration from $2.50 in the second quarter of 2024.
Image source: Getty Images.
