Emerson Electric Raises Fiscal-Year Adjusted. Profit Outlook
August 02 2023 - 07:50AM
Dow Jones News
By Will Feuer
Emerson Electric raised its adjusted profit outlook for the rest
of its fiscal year, after the industrial manufacturer reported
results for the recently ended quarter that topped analysts'
expectations.
The St. Louis-based company is targeting a fiscal-year adjusted
profit of $4.40 a share to $4.45 a share, up from prior outlook for
adjusted earnings of $4.15 a share to $4.25 a share.
The company is now targeting sales growth of 10.5%, the high end
of its previous guidance.
Emerson Electric's fiscal year typically ends in September.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
August 02, 2023 07:35 ET (11:35 GMT)
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