Emerson Electric 3Q Earnings Beat Estimates
August 06 2019 - 8:11AM
Dow Jones News
By Sarah Coffey
Emerson Electric Co. (EMR) on Tuesday reported third-quarter
earnings that beat analysts' estimates.
The St. Louis manufacturing company posted a profit of $604
million, or 97 cents a share, compared to $712 million, or $1.12 a
share, a year earlier. Analysts polled by FactSet expected 94 cents
a share.
Sales rose 5% to $4.68 billion, Emerson said, falling short of
the $4.82 billion expected by analysts, per FactSet.
Emerson maintained its 2019 earnings forecast of $3.60 to $3.70
a share.
Write to Sarah Coffey at sarah.coffey@wsj.com
(END) Dow Jones Newswires
August 06, 2019 07:56 ET (11:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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