Emerson Electric Co. (EMR) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.63. The company posted revenue of $4928.00 million in the period, compared to analysts expectations of $4896.67 million. The company’s revenue was down -8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Emerson Electric Co.. Emerson Electric Co. was Downgraded by Standpoint Research to ” Hold” on Feb 29, 2016.
Emerson Electric Co. opened for trading at $54.5 and hit $55.27 on the upside on Monday, eventually ending the session at $55.21, with a gain of 1.06% or 0.58 points. The heightened volatility saw the trading volume jump to 42,55,697 shares. Company has a market cap of $35,506 M.
In a different news, on Aug 10, 2015, Arthur F Golden (director) purchased 4,000 shares at $49.40 per share price.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial commercial and consumer markets around the world. The company operates through five business segments: Process Management Industrial Automation Network Power Climate Technologies and Commercial & Residential Solutions. The Process Management segment provides measurement control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs manufactures installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.