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Rockwell Automation profit misses consensus by 19.4% in fiscal Q3

Rockwell Automation Inc. said its normalized net income for the fiscal third quarter ended June 30 amounted to $1.33 per share, compared with the S&P Capital IQ consensus estimate of $1.65 per share.

EPS increased 10.2% year over year from $1.21.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $172.5 million, an increase of 9.4% from $157.7 million in the year-earlier period.

The normalized profit margin increased to 10.8% from 10.7% in the year-earlier period.

Total revenue grew 8.5% on an annual basis to $1.60 billion from $1.47 billion, and total operating expenses rose 8.7% from the prior-year period to $1.31 billion from $1.20 billion.

Reported net income grew 13.6% from the prior-year period to $216.9 million, or $1.67 per share, from $191.0 million, or $1.46 per share.