Rockwell Automation Raises Earnings Estimate

January 12, 2003 by Jeff Shepard

Rockwell Automation Inc. (Milwaukee, WI), a leading global provider of industrial automation power, control and information solutions, raised its earnings estimate for the first quarter of fiscal 2003, which ended December 31, 2002, to a range of $0.21 to $0.22 per share, up from the previous estimate of $0.16 to $0.18.

The improvement in earnings is the result of higher than expected sales in December across the Control Systems business. The company will report its first-quarter fiscal 2003 financial results January 21, 2003, and a conference call will be held at 11:00 a.m. (eastern time).