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Emerson Electric: Fiscal Q4 Earnings Snapshot
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ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Wednesday reported fiscal fourth-quarter profit of $744 million.

The St. Louis-based company said it had profit of $1.33 per share. Earnings, adjusted for one-time gains and costs, came to $1.86 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $5.2 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.12 billion.

For the current quarter ending in December, Emerson Electric expects its per-share earnings to range from $1.58 to $1.62.

The company expects full-year earnings to be $7.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMR at https://www.zacks.com/ap/EMR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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