Rockwell Automation, Inc.
|Company Name||Rockwell Automation, Inc.|
|Stock Symbol||May 29, 2023|
On May 3, 2022, before the market opened, Rockwell released its second quarter 2022 financial results, revealing a net income decline of $361.1 million compared to the second quarter of 2021. The Company also reduced its fiscal year 2022 guidance. Attributing the reduction to “supply chain constraints.”
On this news, Rockwell’s stock price fell $35.63, or 14.5%, to close at $209.80 per share on May 3, 2022, thereby injuring investors.
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