Emerson Electric 3Q profit more than triples

Emerson Electric third-quarter profit more than triples, misses estimate

RELATED QUOTES

SymbolPriceChange
EMR60.31-0.71

ST LOUIS, Mo. (AP) -- Emerson Electric Co. (EMR) on Tuesday reported earnings that more than tripled in its fiscal third quarter, and fell short of analysts' expectations.

The St. Louis-based company said profit increased to $728 million, or $1.03 per share, from $194 million, or 27 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.06 per share.

The company posted revenue of $6.31 billion compared with $6.34 billion in the same quarter a year earlier, and missed Wall Street estimates. Analysts expected $6.46 billion, according to Zacks.

Emerson Electric shares have declined $6.19, or 8.8 percent, to $63.99 since the beginning of the year, while the Standard & Poor's 500 index has increased 4.9 percent. However, the stock has climbed $2.62, or 4.3 percent, in the last 12 months.

_____

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full EMR report: http://www.zacks.com/ap/EMR

_____

Keywords:Emerson Electric,Earnings Report

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3477-0.0001-0.01%
    USDSGD=X
    1.4701-0.0002-0.01%
    EURSGD=X
    2.0612-0.0002-0.01%
    GBPSGD=X
    92.1345+0.0362+0.04%
    SGDJPY=X
    5.7533+0.0009+0.02%
    SGDHKD=X
    2.7144+0.0003+0.01%
    SGDMYR=X
    9,806.3418+1.0898+0.01%
    SGDIDR=X
    4.6015+0.0005+0.01%
    SGDCNY=X
    1.0301-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,190.50+1.70+0.14%
    GCQ15.CMX
    16.71+0.04+0.25%
    SIN15.CMX
    69.70-0.13-0.19%
    ^XAU
    2.73-0.04-1.34%
    HGN15.CMX
    60.52+2.50+4.31%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47-0.04
    ^FVX
    2.10-0.03
    ^TNX
    2.85-0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.795-0.015-1.85%
    N21.SI
    4.13+0.01+0.24%
    Z74.SI
    0.205-0.010-4.65%
    5GB.SI
    0.290.000.00%
    5WA.SI
    0.420.00+1.20%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.05+12.50%
    AWX.SI
    1.32+0.12+10.00%
    AYO.SI
    0.50+0.04+9.89%
    MN5.SI
    0.119+0.009+8.18%
    540.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.24-0.56-31.11%
    AYC.SI
    0.139-0.041-22.78%
    40R.SI
    0.114-0.019-14.29%
    5UA.SI
    0.34-0.06-13.92%
    AWI.SI
    0.295-0.035-10.61%
    Y06.SI