💨 Abstract

Rockwell Automation forecasts lower annual profit due to slower automation demand and macroeconomic uncertainty, with shares falling 4.7% premarket. manufacturing activity contracted for the seventh consecutive month in October. The company expects a gradual improvement in the year but Q4 results will be lower. Sales dropped 21% to $2.03 billion, and earnings were $2.47 per share, compared to expectations.

Courtesy: theprint.in