Emerson Electric 3Q profit more than triples

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

RELATED QUOTES

SymbolPriceChange
EMR56.18+0.57

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

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
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
    1.3592+0.0008+0.06%
    USDSGD=X
    1.4945+0.0023+0.15%
    EURSGD=X
    1.7827+0.0016+0.09%
    GBPSGD=X
    78.0310+0.968+1.26%
    SGDJPY=X
    5.7057-0.0035-0.06%
    SGDHKD=X
    2.9978+0.0076+0.25%
    SGDMYR=X
    9,669.5020-25.6777-0.26%
    SGDIDR=X
    4.9086-0.0007-0.01%
    SGDCNY=X
    1.0160-0.0037-0.36%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,318.40-2.40-0.18%
    GCQ16.CMX
    19.61-0.07-0.37%
    SIU16.CMX
    103.00+3.11+3.11%
    ^XAU
    2.230.000.00%
    HGU16.CMX
    42.80-0.12-0.28%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.515+0.020+4.04%
    5TP.SI
    0.141+0.004+2.92%
    B73.SI
    0.39+0.01+2.63%
    5WF.SI
    0.167+0.012+7.74%
    O9E.SI
    0.340.00+1.49%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.199+0.036+22.09%
    AZG.SI
    0.19+0.02+9.20%
    AXH.SI
    0.465+0.035+8.14%
    E8Z.SI
    0.167+0.012+7.74%
    O9E.SI
    0.190.00+1.06%
    KJ5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.075-26.79%
    BQN.SI
    0.21-0.07-23.64%
    PA3.SI
    0.905-0.085-8.59%
    NC9.SI
    0.152-0.013-7.88%
    5LY.SI
    0.415-0.035-7.78%
    NC2.SI