ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Wednesday reported fiscal second-quarter profit of $501 million.
On a per-share basis, the St. Louis-based company said it had net income of 87 cents. Earnings, adjusted for amortization costs and non-recurring costs, were $1.36 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The maker of process controls systems, valves and analytical instruments posted revenue of $4.38 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.29 billion.