Shares of Rockwell Automation, Inc. (NYSE: ROK) closed 3.7% down on Thursday, even after the company reported better-than-expected financial results for the fiscal first quarter ended December 31, 2021. Wisconsin-based Rockwell provides industrial automation and information technology services. Its brands include Allen-Bradley and Factory Talk, among others. Adjusted earnings per share (EPS) declined 10.1% year-over-year to $2.14 but beat the Street’s estimate of $1.91. Sales increased 18.7% year-over-year to $1.86 billion, coming in just above analysts’ expectations of $1.81 billion. Intelligent Devices sales grew 24.7% to $900 million; Software & Control sales rose 16.5% to $514 million; and Lifecycle Services sales jumped 10.1% to $443 million.
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