Emerson Electric: Fiscal Q1 Earnings Snapshot

ST. LOUIS (AP) — ST. LOUIS (AP) — Emerson Electric Co. (EMR) on Tuesday reported fiscal first-quarter earnings of $605 million.

The St. Louis-based company said it had net income of $1.07 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.46 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $4.35 billion in the period, which matched Street forecasts.

For the current quarter ending in March, Emerson Electric expects its per-share earnings to range from $1.50 to $1.55.

The company expects full-year earnings in the range of $6.40 to $6.55 per share.

_____

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