UPDATE: Emerson Electric Posts Drop In Q2 Profit
Emerson Electric Co (NYSE: EMR) posted a drop in its second-quarter profit.
Emerson Electric's quarterly net income fell to $545 million, or $0.74 per share, from $556 million, or $0.73 per share, in the year-ago period. Its sales gained 1% to $5.92 billion, versus analysts' estimates of $6 billion.
Emerson Electric shares closed at $52.54 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.