Rockwell earnings up nearly 20 percent

Rockwell earnings up nearly 20 percent

Milwaukee, Wis.Rockwell Automation reported that its net income in the fiscal first quarter of 2008 rose 19.6 percent, on a revenue increase of $18 million.
The company, which manufactures industrial process-control equipment and software, attributed the rise in earnings to regional expansion and investments in technology.
Fiscal first-quarter net income rose to $156.6 million, or $1.04 a share, over earnings of $130.9 million, or 76 cents, in the same quarter of 2007.
Revenue for the three months that ended Dec. 31, 2007, rose from $1.15 billion to $1.33. Guidance on 2008 revenue growth remains from 10 percent to 12 percent, while the company continues to expect earnings of $4.25 to $4.45 a share.
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