Emerson Electric 3Q profit more than triples

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

RELATED QUOTES

SymbolPriceChange
EMR51.75-0.23

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
    1.37210.000.00%
    USDSGD=X
    1.51070.000.00%
    EURSGD=X
    2.14350.000.00%
    GBPSGD=X
    90.31410.000.00%
    SGDJPY=X
    5.6483-0.0021-0.04%
    SGDHKD=X
    2.78610.000.00%
    SGDMYR=X
    9,846.24510.000.00%
    SGDIDR=X
    4.5255+0.0016+0.04%
    SGDCNY=X
    1.00250.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,095.00+6.30+0.58%
    GCZ15.CMX
    14.76+0.06+0.44%
    SIU15.CMX
    47.57+0.92+1.98%
    ^XAU
    2.35-0.02-1.03%
    HGU15.CMX
    46.82-1.70-3.50%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.07
    ^FVX
    2.20-0.06
    ^TNX
    2.93-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.455-0.065-12.50%
    N21.SI
    2.30-0.20-8.00%
    MC0.SI
    0.315-0.005-1.56%
    E5H.SI
    0.315+0.005+1.61%
    5WA.SI
    0.134-0.005-3.60%
    5DN.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.148+0.020+15.62%
    T77.SI
    0.18+0.02+12.50%
    AVX.SI
    0.365+0.035+10.61%
    5DS.SI
    0.194+0.015+8.38%
    Y08.SI
    0.37+0.03+7.25%
    P9D.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.08-27.27%
    5UO.SI
    0.325-0.065-16.67%
    5I3.SI
    0.205-0.040-16.33%
    5GD.SI
    0.17-0.03-15.00%
    D79.SI
    0.315-0.055-14.86%
    Y35.SI