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Stock impact report

Robotics Stocks Will Thrive in the Wake of COVID-19 [The Motley Fool]

Rockwell Automation, Inc. (ROK) 
Last rockwell automation, inc. earnings: 4/28 07:02 am Check Earnings Report
Company Research Source: The Motley Fool
Shares of robotics manufacturersABB(NYSE:ABBRockwell AutomationNYSE:ROKThat bullish interest may be rooted in an idea that's much bigger than last quarter or the present quarter, however.While the sheer disruption caused by the coronavirus is making it difficult to "do" any sort of business, and the prospect of a recession is forcing some organizations to rethink spending plans, the COVID-9 contagion has exposed a weak link in the world's commerce engine -- people. If people can't or won't work, things don't get done. Robots, however, don't get sick.Image source: Getty Images.What the robotics makers saidFor its second fiscal quarter ending in March, U.S.-based Rockwell turned$.68 billion worth of revenueSwiss automation company ABB fared worse in its first quarter of the year, withrevenue of $6. billionEBITDAThe company didn't offer detailed full-year guidance, but CEO Bjorn Rosengren did comment, "In the second quarter, we expect ABB's operations to be significantly challenged by a Show less Read more
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