Rockwell Automation, Inc. (NYSE:ROK) shares are trading lower after its third-quarter results. Sales fell 8.4% (on a reported and organic basis) to $2.05 billion, missing the consensus of $2.06 billion. Segment Details: Intelligent Devices sales declined 1.1% Y/Y to $957 million, Software & Control fell 31.8% Y/Y to $512 million, and Lifecycle Services increased 11.8% Y/Y to $581 million. Total ARR grew 17%, and organic ARR rose 14% in the quarter. Adjusted EPS was $2.71, beating the analyst consensus of $2.08. Total segment operating earnings were $427 million in the third quarter of fiscal 2024, down 9.8% Y/Y. Total segment operating margin was 20.8% compared to 21.1% a year ago. The decrease in segment operating margin was mainly due to lower sales volume and an unfavorable mix. The company held $406.7 million in cash and ...