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ROK.US
id: 1004
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.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 May 2022