Emerson Electrics (NYSE: EMR) Reports EPS of $0.73 vs. $0.74 Estimate; Revenues $5.9 vs. $5.82B Estimate

Emerson EMR announced that net sales for the second quarter ended March 31, 2011 were $5.9 billion, an increase of 18 percent from the prior year quarter. Underlying sales increased 14 percent, acquisitions added 3 percent and currency translation added 1 percent. Growth was strong across all global markets with underlying sales increasing 13 percent in the U.S., 17 percent in Europe, and 10 percent in Asia. Net earnings for the second quarter were $0.73 per share, increasing 38 percent compared with $0.53 last year.