UPDATE: Emerson Electric FQ1 Profit Rises 22%

by Benzinga Staff
February 5, 2013 7:43 AM | 29 seconds read | Make a Comment

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Emerson Electric Co (NYSE: EMR) reported a 22% rise in its fiscal first-quarter profit.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 expects full-year earnings of $3.53 to $3.63 per share, versus analysts' estimates of $3.59 per share. It projects sales growth of 2% to 5%, versus estimates of 3% growth.Emerson Electric shares closed at $57.49 yesterday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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