Rockwell Automation profit falls 13.4 pct

Thursday, Jan 28, 2016

Factory automation systems maker Rockwell Automation Inc reported a 13.4 percent drop in first-quarter profit, hurt by slowing industrial demand in the United States.

The company's net income fell to $185.5 million, or $1.40 per share, in the quarter ended Dec. 31, from $214.2 million, or $1.56 per share, a year earlier.

On an adjusted basis, Rockwell earned $1.49 per share.

Sales fell 9.4 percent to $1.43 billion.

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