, a maker of electronic controls and communications, issued an earnings warning today for fiscal years 2000 and 2001. The company said a softening in demand in the automation products market was responsible.
Earnings per share for fiscal 2000, which ends Sept. 30, is expected to be about $3.35. The 11-broker
First Call/Thomson Financial
consensus estimate was for $3.44 a share.
Sales of Rockwell's automation products for the fiscal fourth quarter are expected to decline 5% from a year earlier, due to weak demand and an electronic component shortage.
For fiscal 2001,earnings are expected to fall between $3.10 and $3.20 a share, way below the consensus for $3.76 a share. The stock closed Friday at $38.19.
The company sells its products to the airline industry and
, as well to the automotive and other industries.