Emerson Electric Fiscal Q3 EPS Meets Street View

Emerson Electric Company on Tuesday reported unchanged adjusted fiscal Q3 earnings from continuing operations of $0.68 per share, meeting analysts’ estimate in a Capital IQ poll. The company also said that it is raising its 2017 outlook as it returned to growth, helping send its shares up 0.7% in pre-market trade. Revenues rose to $4.04 billion from $3.67 billion, exceeding the $3.99 billion estimate.

The company now said it expected full-year net sales to be up approximately 5%, with underlying sales up 1% excluding an impact from acquisitions of 4%. Adjusted EPS from continuing operations are expected to be $2.58 to $2.62, an increase from the prior guidance on a comparable basis of $2.50 to $2.60, straddling the $2.60 estimate.

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