Rockwell Automation Leads IoT Earnings with 11.9% Revenue Growth

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

Rockwell Automation reported first-quarter revenues of $2.24 billion, up 11.9% year on year and exceeding analyst expectations by 3.8%, making it the standout performer among six tracked internet of things stocks. The company also posted the largest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise in its peer group, sending its stock up 18.3% to $473.50. Trimble delivered revenues of $939.9 million, up 11.8% year on year and beating estimates by 3.8%, but its shares fell 15.9% to $57.48. SmartRent, the weakest performer, saw revenues decline 6.4% to $38.68 million, missing EBITDA estimates significantly, and its stock dropped 29.7% to $1.01. Emerson Electric reported $4.56 billion in revenue, up 2.9% but 0.7% below expectations, while Vontier posted $750.6 million, up 1.3% and beating estimates by 1.8%, though its next-quarter guidance missed. Overall, the group beat revenue estimates by 1.8% but issued next-quarter guidance 1.3% below consensus, and average share prices declined 4% since the results.