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ROK: Rockwell Warns About Earnings

Rockwell International

(ROK) - Get Report

, 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.

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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

Federal Express

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, as well to the automotive and other industries.