Tuesday, February 06, 2018 8:30:00 AM
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.
Recent EMR News
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:26:40 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 10:50:18 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:11:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 06:40:29 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 07:51:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 12:46:46 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:04:31 PM
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