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Emerson Electric: Fiscal Q3 Earnings Snapshot
By AP News - Aug 07, 2024, 07:04 AM ET
Last Updated - Aug 07, 2024, 07:04 AM EDT
ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Wednesday reported fiscal third-quarter profit of $329 million.
On a per-share basis, the St. Louis-based company said it had profit of 57 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.43 per share.
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The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The maker of process controls systems, valves and analytical instruments posted revenue of $4.38 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $4.45 billion.
Emerson Electric expects full-year earnings in the range of $5.45 to $5.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMR at https://www.zacks.com/ap/EMR
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