We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Emerson (EMR)
EMR 66.37+1.9%Aug 7 4:02 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Fuzzy2/6/2018 8:31:32 AM
   of 104
ST. LOUIS (AP) _ Emerson Electric Co. (EMR) on Tuesday reported fiscal first-quarter earnings of $392 million.

On a per-share basis, the St. Louis-based company said it had net income of 61 cents. Earnings, adjusted for pretax gains, were 58 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $3.82 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.72 billion.

Emerson Electric expects full-year earnings to be $3.05 to $3.15 per share.

Emerson Electric shares have decreased roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has declined almost 1 percent. The stock has risen 15 percent in the last 12 months.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext