ET 17:04

Emerson Electric Reports Q1 Earnings Beat, Shares EMR

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Earnings

[Para 1: The Lead] Emerson Electric Co. (EMR) announced its fiscal first quarter earnings on Tuesday, surpassing market expectations. The company reported a net income of $605 million, equivalent to $1.07 per share, adjusted for costs. This exceeds Wall Street's average estimate of $1.41 per share. [Para 2-3: Supporting details & Context] Revenue for the quarter was $4.35 billion, matching analysts' forecasts. Looking ahead, Emerson expects earnings per share in the range of $1.50 to $1.55 for the current quarter and full-year earnings between $6.40 to $6.55 per share. The St. Louis-based industrial conglomerate's strong performance reflects robust demand across its core business segments.

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