Propelled by 4% plus GDP growth in the second quarter, Rockwell Automation delivered impressive profit margin expansion in both its key business segments. Sales and adjusted earnings rose 6.2% and 52%, respectively. The company lifted its full year adjusted earnings outlook to $7.70 to $8.00 a share from $7.90 to $8.10 a share.
Rockwell Automation's stock has soared 10% over the last month.
TheStreet takes a quick look back at its chat with Rockwell Automation CEO Blake Moret in mid-June. He sure telegraphed the performance...
Rewind: Rockwell Automation's Pitch
- Date: June 13, 2018