What Happened?
Shares of industrials automation company Rockwell (NYSE:ROK) jumped 11.9% in the afternoon session after the company reported strong fourth-quarter results that exceeded analysts' EPS expectations.
On the other hand, its revenue fell slightly short of Wall Street's estimates. Looking ahead, the company reiterated its full-year EPS guidance, showing that things are roughly on track despite some beats and misses in the quarter. Overall, the results were mixed, but it seems that the quarter cleared the market's expectations.
Is now the time to buy Rockwell Automation? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Rockwell Automation’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. Moves this big are rare for Rockwell Automation and indicate this news significantly impacted the market’s perception of the business.
Rockwell Automation is up 7.9% since the beginning of the year, and at $303.07 per share, has set a new 52-week high. Investors who bought $1,000 worth of Rockwell Automation’s shares 5 years ago would now be looking at an investment worth $1,487.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
