NEW YORK, March 23, 2023 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Rockwell Automation, Inc. ("Rockwell" or the "Company") (NYSE: ROK) concerning possible violations of federal securities laws.
Before market opened on May 3, 2022, Rockwell announced results for the second fiscal quarter ended March 31, 2022, including Fiscal 2022 second quarter net income was $53.9 million or $0.46 per share, compared to $415 million or $3.54 per share in the second quarter of fiscal 2021. Rockwell also announced that it was reducing its fiscal year 2022 outlook, such that fiscal 2022 guidance concerning reported sales growth percentage was lowered from a range of 16% to 19%, down to a range of 11% to 15%. Rockwell attributed the guidance reduction to supply chain restraints.
Following this news, Rockwell' stock price fell more than 14% to close at $213.74 per share on May 3, 2022. To obtain additional information, go to:
https://zlk.com/pslra-1/rockwell-automation-inc-information-request-form
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, Suite #427
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article