Rockwell’s strong earnings signal health of U.S. factories

Jan. 26, 2023 12:40 PM ETRockwell Automation, Inc. (ROK)By: Rob Williams NY, SA News Editor1 Comment

Flag of USA on a processor, CPU Central processing Unit or GPU microchip on a motherboard. Congress passes the CHIPS Act of 2022 to strengthen domestic semiconductor manufacturing, research and design.


Rockwell Automation (NYSE:ROK) on Thursday reported a 15% gain in profit from a year earlier, handily beating Wall Street’s estimates. The stock rose as much as 5.8% to $294.21 a share, within a few dollars of its 52-week high of $297.53.

This was corrected on 01/26/2023 at 3:32 PM. Corrects earlier version that had the wrong number of share repurchases.

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