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Rockwell Automation beats Q2 earnings estimates, raising full-year guidance despite sales dip.
Rockwell Automation reported stronger-than-expected second-quarter earnings, with adjusted EPS of $2.45, above analyst forecasts.
Despite a 6% drop in sales to $2.001 billion, the company's operating margin expanded to 20.4%, and it raised its full-year earnings guidance to $8.23 to $9.23 per share.
The company also saw an increase in operating and free cash flow, indicating improved financial health.
Rockwell's shares traded higher premarket on these results.
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Rockwell Automation supera las estimaciones de ganancias del segundo trimestre, elevando la previsión para todo el año a pesar de la caída de ventas.