UPDATE: Emerson Electric Q1 Net Profit Declines 23%

Emerson Electric Co EMR reported a 23% drop in its first-quarter net profit. Emerson Electric's quarterly net earnings declined to $371 million, or $0.50 per share, from $480 million, or $0.63 per share, in the year-ago period. Its sales dropped 4% to $5.3 billion. However, analysts were expecting earnings of $0.51 per share on revenue of $5.28 billion. Emerson Electric expects earnings for the full year between $3.45 and $3.60 per share. Emerson Electric shares closed at $53.37 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceEarnings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!