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Emerson Electric beats Street 4Q forecasts

ST. LOUIS (AP) _ Emerson Electric Co. (EMR) on Tuesday reported fiscal fourth-quarter profit of $504 million.

On a per-share basis, the St. Louis-based company said it had profit of 78 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $4.43 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $4.42 billion.

For the year, the company reported profit of $1.52 billion, or $2.35 per share. Revenue was reported as $15.26 billion.

Emerson Electric expects full-year earnings in the range of $2.75 to $2.95 per share.

Emerson Electric shares have risen 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. The stock has increased 31 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