WASHINGTON (dpa-AFX) - Rockwell Automation, Inc. (ROK) said its net income for the first quarter increased to $183.3 million or $1.27 per share from $150.1 million or $1.04 per share in the same quarter a year earlier. Quarterly sales climbed to $1.47 billion from $1.37 billion in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to earn $1.21 per share on revenues of $1.51 billion for the quarter. Analysts' estimates typically exclude special items. Commenting on the outlook, Keith Nosbusch, chairman and chief executive officer, said, 'With one quarter behind us, and given our current assessment of global economic and market conditions, we are not changing our sales outlook for the year. Based on fiscal 2012 projected sales of $6.2 billion to $6.5 billion, we are reaffirming our fiscal 2012 earnings per share guidance of $5.05 to $5.45. Although we may see uneven results throughout the year, sales and earnings in our guidance range would represent another record year for the company.' Analysts expect the company to earn $5.34 per share on revenues of $6.44 billion for the year.
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