Rockwell Automation (ROK)

[Investorman]

January 27, 2010 7:02 AM ET

Rockwell Automation beats by $0.18, beats on revs; guides FY10 EPS above consensus, revs in-line

Reports Q1 (Dec) earnings of $0.54 per share, $0.18 better than the First Call consensus of $0.36; revenues fell 10.2% year/year to $1.07 bln vs the $1.05 bln consensus. Co issues mixed guidance for FY10, sees EPS of $2.00-2.40 vs. $1.74 consensus; sees FY10 revs of $4.4-4.6 bln vs. $4.34 bln consensus.

Co said, "Our first quarter performance and continued improvement in the global economy seem to indicate that we are at the early stage of a recovery. However, high unemployment, historically low levels of capacity utilization and a very cautious capital spending outlook create uncertainty as to the shape of the recovery in manufacturing."