Emerson Electric Co EMR reported its Q2 net income at $567 million, up from $418 million, in the year-earlier period. The company's earnings came in at $0.73 per share, up from $0.53 per share. The company's net sales surged 18% to $5.85 billion. However, analysts were expecting earnings of $0.75 per share on sales of $5.82 billion.
Emerson projects 2011 earnings per share in the range of $3.20 to $3.30 per share.
EMR shares fell 0.51% to close at $60.50 yesterday.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in