08.05.2024 13:03:18 - dpa-AFX: Emerson Electric Co. Q2 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Emerson Electric Co. (EMR) reported earnings for
second quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $501 million, or $0.87 per share. This
compares with $792 million, or $1.38 per share, in last year's second quarter.
Excluding items, Emerson Electric Co. reported adjusted earnings of $1.36 per
share for the period.
Analysts on average had expected the company to earn $1.25 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 16.5% to $4.38 billion from $3.76
billion last year.
Emerson Electric Co. earnings at a glance (GAAP) :
-Earnings (Q2): $501 Mln. vs. $792 Mln. last year.
-EPS (Q2): $0.87 vs. $1.38 last year.
-Revenue (Q2): $4.38 Bln vs. $3.76 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.38 - $1.42
Full year EPS guidance: $5.40 - $5.50
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX