Replies to post #486 on Rockwell Automation (ROK)

[Investorman]

Tuesday, December 15, 2009 ET.
WSJ Ponders GE/Rockwell Deal
By Tiernan Ray

The Wall Street Journal’s Deal Blog this morning riffs on JP Morgan’s Steve Tusa’s note yesterday saying General Electric (GE) could be looking to buy Rockwell Automation (ROK) for $60, a 30% premium. The blog’s Paul Glader makes the case that Rockwell might replace the media revenue GE is giving up with its sale of NBC/Universal stake to Comcast (CMCSA).

[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."