GO
Loading...

Emerson Electric Profit Rises 12%, Topping Analysts' Forecasts

Diversified manufacturer Emerson Electric reported higher quarterly profit on Tuesday, led by demand in its industrial automation and network power segments.

Earnings rose 12% to $445 million, or 55 cents a share in Emerson's fiscal first quarter ended Dec. 31, compared with $399 million, or 48 cents a share, a year earlier.

Analysts, on average, expected profit of 53 cents a share, according to Thomson Financial.

Revenue rose 11% to $5.1 billion, also ahead of Wall Street forecasts.

St. Louis-based Emerson, whose products range from electric motors and air conditioners to storage products and software that makes factories run efficiently, said international sales
accounted for more than half the total for the first time.

Symbol
Price
 
Change
%Change
EMR
---

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Herbalife sells nutrition supplements but continues to be the target of Bill Ackman, as he alleges that the company is actually a pyramid scheme.

  • Argentina has defaulted on its debt. CNBC's Kate Kelly reports the ISDA has received a request to make a ruling on whether a credit event has occurred in Argentine Republic.

  • CNBC's Sara Eisen reports Yum! Brands is saying news coverage concerning the sale of bad meat has caused a "significant, negative impact" to same-store sales at KFC and Pizza Hut locations.