Rockwell Automation IncReported strong revenue growth of 11.9% and beat estimates, described as best performer.
Vontier, one of six Internet of Things stocks tracked, reported first-quarter revenue of $750.6 million, up 1.3% year on year and beating analyst estimates by 1.8%, but its revenue and EPS guidance for the next quarter fell short of expectations. The stock has fallen 15% since the report and now trades at $29.80. Among the group, Rockwell Automation was the best performer with revenue of $2.24 billion, up 11.9% year on year and beating estimates by 3.8%, while SmartRent was the weakest with revenue of $38.68 million, down 6.4% year on year. Overall, the six companies beat revenue estimates by 1.8% on average, but their share prices have declined by an average of 6.1% since reporting.
Rockwell Automation IncReported strong revenue growth of 11.9% and beat estimates, described as best performer.
Emerson Electric Company
Vontier CorpQ1 revenue and EPS guidance missed expectations, causing 15% stock drop.
SmartRent IncRevenue declined 6.4% year on year, described as weakest performer.
Ametek Inc