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

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Indonesia Berita Berita

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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.

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