Rockwell Automation profits up in Q4

Rockwell Automation profits up in Q4

Milwaukee, Wis.Rockwell Automation, a Milwaukee-based maker of industrial software and automation equipment, said its fiscal fourth-quarter profit from continuing operations rose to $163.8 million, or $1.07 a share, up from $156.8 million, or 89 cents, in the same three-month period of 2006.
The company, whose stock rose on a slow day for the market, said in a Q4 earnings conference call that it expects to report a per-share 2008 profit of $4.25 to $4.45, up from $3.70 in fiscal year 2007. The company’s sales growth is projected to be in the 10 percent to 12 percent range.
Related stories
Texas firm to become part of Rockwell software segment
Two convicted of selling $6 million in counterfeit Rockwell software on eBay
Rockwell Automation to acquire British process-control firm