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ROK.US
id: 1004, Created by , Scout

Rockwell Automation (ROK) Declining Net Income and Reduced FY’22 Projections Case

  • In May 2022 Rockwell Automation (ROK) released Q2’ 22 results, with net income decline of $361.1 million Y2Y. The Company also reduced its fiscal year 2022 guidance.
  • On it, $ROK fell 14.5%, losing $4.16B+ of shareholder value.
  • Investors may have grounds to suspect that Rockwell hid its business setbacks, which led to their losses.
On May 3, 2022, Rockwell released its Q2’ 22 financial results with a net income decline of $361.1 million compared to Q2’ 21. The Company also reduced its fiscal year 2022 guidance, attributing the reduction to supply chain constraints.

On this news, $ROK fell 14.5% and lost over $4.16 billion of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Rockwell failed to timely disclose its business setbacks, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 May 2022
Collecting participants…

Rockwell Automation Inc

Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company ope...

    Ticker
    ROK.US
    ISIN
    US7739031091
    CIK
    1024478
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    1201 South Second Street, Milwaukee, WI, United States, 53204