Emerson Electric’s stock falls sharply after profit misses analyst estimate as two business units book negative orders

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Automation equipment company’s profit rises by 33% but still doesn’t measure up to expectations.

Emerson Electric Co.’s stock on Tuesday fell by the largest percentage margin since June 2020, after the industrial-automation company’s fiscal fourth-quarter earnings fell short of analyst estimates.

Emerson Electric’s EMR, -8.02% fourth-quarter earnings for the three months ended Sept. 30 rose by about 33% to $904 million, or $1.22 a share, from $603 million, or 82 cents a share, in the year-ago quarter.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in CO

Colombia Últimas Noticias, Colombia Titulares