UPDATE: Emerson Electric Posts In-Line FQ1 Profit
Emerson Electric Co (NYSE: EMR) reported a 22% rise in its fiscal first-quarter earnings.
Emerson Electric's quarterly profit surged to $454 million, or $0.62 per share, from $371 million, or $0.50 per share, in the year-ago period.
Its revenue rose 4.6% to $5.55 billion. However, analysts were expecting earnings of $0.62 per share on revenue of $5.43 billion.
Emerson Electric shares closed at $56.91 yesterday.
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