07.02.2024 13:01:39 - dpa-AFX: Emerson Electric Co. Q1 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Emerson Electric Co. (EMR) announced a profit for
first quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $142 million, or $0.25 per share. This
compares with $2.33 billion, or $3.97 per share, in last year's first quarter.

Excluding items, Emerson Electric Co. reported adjusted earnings of $702 million
or $1.22 per share for the period.

Analysts on average had expected the company to earn $1.04 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 22.3% to $4.12 billion from $3.37
billion last year.

Emerson Electric Co. earnings at a glance (GAAP) :

-Earnings (Q1): $142 Mln. vs. $2.33 Bln. last year.
-EPS (Q1): $0.25 vs. $3.97 last year.
-Analyst Estimates: $1.04
-Revenue (Q1): $4.12 Bln vs. $3.37 Bln last year.

-Guidance:
Full year EPS guidance: $5.30 - $5.45


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
EMERSON EL. DL -,50 850981 Frankfurt 106,040 14.05.24 08:04:10 -0,880 -0,82% 0,000 0,000 106,040 106,920

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