ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Tuesday reported fiscal first-quarter earnings of $605 million.
The St. Louis-based company said it had net income of $1.07 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.46 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The maker of process controls systems, valves and analytical instruments posted revenue of $4.35 billion in the period, which matched Street forecasts.
For the current quarter ending in March, Emerson Electric expects its per-share earnings to range from $1.50 to $1.55.
The company expects full-year earnings in the range of $6.40 to $6.55 per share.
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