Rockwell Reiterates Guidance, Poised for Long Term Growth - trackseekingalpha

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Rockwell Reiterates Guidance, Poised for Long Term Growth
Sep 21, 2009 02:37 PM UTC

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Via Long Investment Ideas from Seeking Alpha:

Rockwell Automation Inc. (ROK) recently reiterated its fiscal 2009 guidance of $1.40 to $1.70 per share, which represents a 59% to 66% year-over-year decline in earnings.

Revenue for the year is expected to fall about 24% compared to 2008 due to a significant deceleration in customer demand, increasing uncertainty in the business environment and unfavorable impact of currency translation.

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