ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Wednesday reported fiscal third-quarter earnings of $586 million.
The St. Louis-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The maker of process controls systems, valves and analytical instruments posted revenue of $4.55 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.58 billion.
For the current quarter ending in September, Emerson Electric expects its per-share earnings to range from $1.58 to $1.62.
The company expects full-year earnings to be $6 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMR at https://www.zacks.com/ap/EMR
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