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Emerson Electric: Fiscal 1Q Earnings Snapshot

ST. LOUIS (AP) _ Emerson Electric Co. (EMR) on Tuesday reported fiscal first-quarter profit of $465 million.

On a per-share basis, the St. Louis-based company said it had profit of 74 cents.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $4.15 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $4.23 billion.

Emerson Electric expects full-year earnings to be $3.60 to $3.75 per share.

Emerson Electric shares have increased 13 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 9 percent. The stock has declined 4 percent in the last 12 months.


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