DOW JONES NEWSWIRES Rockwell Automation Inc.'s (ROK) fiscal fourth-quarter net income fell 24% on restructuring charges as the provider of industrial automation services reported weaker margins.
The company posted net income of $125.6 million, or 87 a share, down from $165.2 million, or $1.08 a share, a year earlier. The latest quarter included 21 cents in charges.
Revenue rose 8% to $1.48 billion, or 5% excluding currency fluctuations and acquisitions.
Analysts polled by Thomson Reuters were looking for earnings of 98 cents a share on revenue of $1.5 billion.
Gross margin fell to 39.6% from 41.9% amid the charges, helping push down operating earnings for both of Rockwell's business lines. The company said in September it was cutting 3% of its staff as part of a restructuring plan that would save about $75 million in 2009 and another $10 million by 2010. Rockwell employed about 20,000 people.
Rockwell plans to gives its outlook for the fiscal year during a conference call set for Tuesday morning. Shares were up 1.4% at $25.25 in recent after-hours trading.
-By Katherine Wegert and Tess Stynes, Dow Jones Newswires; 201-938-5400; katherine.wegert@dowjones.com;
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(END) Dow Jones Newswires
November 10, 2008 16:57 ET (21:57 GMT)

Publié le 10 novembre 2008 Copyright © 2008 Dowjones