During 3Q98, the Control Engineering (CE) Stock Index paralleled fluctuations in the Dow Jones Industrial Average. The CE Stock Index experienced a 22% decline, compared to about 12% for the other indexes (see four-line graph).The decline in the CE Market Value Index is about as expected due to the drop in the stock prices for its participating companies.
During 3Q98, the Control Engineering (CE) Stock Index paralleled fluctuations in the Dow Jones Industrial Average. The CE Stock Index experienced a 22% decline, compared to about 12% for the other indexes (see four-line graph).
The decline in the CE Market Value Index is about as expected due to the drop in the stock prices for its participating companies. These two indexes usually do not affect the CE Earnings per Share (EPS) Index, even though the 3Q98 drops all look the same. The EPS’ downward slope can be attributed mainly to Rockwell’s recent performance, even though the index’s other firms showed improved earnings.
