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


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Emerson Electric Co 850981 NYSE 110,900 30.05.24 22:00:08 -0,020 -0,02% 110,500 112,210 110,780 110,920

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