Rockwell Automation Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.42 per share.
EPS increased 14.7% year over year from $1.11.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $172.8 million, a gain of 11.3% from $155.3 million in the year-earlier period.
The normalized profit margin increased to 11.1% from 9.7% in the year-earlier period.
Total revenue decreased on an annual basis to $1.55 billion from $1.60 billion, and total operating expenses fell 5.8% on an annual basis to $1.26 billion from $1.34 billion.
Reported net income increased 14.4% from the prior-year period to $205.4 million, or $1.51 per share, from $179.5 million, or $1.28 per share.
