Emerson Electric's Stock Rises 4.8% After Quarterly Results Beat Estimates

seekingalpha2023-08-02

Emerson Electric’s stock on Wednesday rose 4.8% in premarket trading after the industrial technology and engineering company’s fiscal Q3 results beat Wall Street’s estimates.The company’s profit of $...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1109041611?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-02 20:29","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1109041611","market":"us","top_or_hot":-1,"title":"Emerson Electric's Stock Rises 4.8% After Quarterly Results Beat Estimates","media":"seekingalpha","content":"<div>\n<p>Emerson Electric’s stock on Wednesday rose 4.8% in premarket trading after the industrial technology and engineering company’s fiscal Q3 results beat Wall Street’s estimates.The company’s profit of $...</p>\n\n<a href=\"https://seekingalpha.com/news/3995100-emerson-electrics-stock-rises-after-quarterly-results-beat-estimates\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Emerson Electric's Stock Rises 4.8% After Quarterly Results Beat Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEmerson Electric's Stock Rises 4.8% After Quarterly Results Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-02 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3995100-emerson-electrics-stock-rises-after-quarterly-results-beat-estimates><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emerson Electric’s stock on Wednesday rose 4.8% in premarket trading after the industrial technology and engineering company’s fiscal Q3 results beat Wall Street’s estimates.The company’s profit of $...</p>\n\n<a href=\"https://seekingalpha.com/news/3995100-emerson-electrics-stock-rises-after-quarterly-results-beat-estimates\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EMR","symbol_name":"艾默生电气","start_time":0,"source_url":"https://seekingalpha.com/news/3995100-emerson-electrics-stock-rises-after-quarterly-results-beat-estimates","article_id":"1109041611","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109041611","pubTimestamp":1690979372,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Emerson Electric’s stock on Wednesday rose 4.8% in premarket trading after the industrial technology and engineering company’s fiscal Q3 results beat Wall Street’s estimates.The company’s profit of $9","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EMR":"艾默生电气"},"translate_title":"艾默生电气季度业绩超出预期，股价上涨4.8%","themeId":"b6251d276d524a92990b019863be720e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EMR":1.1},"content_text":"Emerson Electric’s stock on Wednesday rose 4.8% in premarket trading after the industrial technology and engineering company’s fiscal Q3 results beat Wall Street’s estimates.The company’s profit of $9.35 billion, or $16.28 a share, included a gain of $8.76 billion from discontinued operations.Earnings from continuing operations more than doubled to $592 million, or $1.03 a share, from $226 million, or $0.38 a share, a year earlier.Excluding discontinued operations and other special items, adjusted earnings of $1.29 a share beat the consensus estimate of $1.10 a share.Sales from continuing operations rose 14% from a year earlier to $3.94 billion, beating the consensus estimate of $3.88 billion.Raised OutlookEmerson (EMR) estimated a fiscal-year adjusted profit of $4.40 a share to $4.45 a share, greater than its previous forecast of $4.15 a share to $4.25 a share. The company also is aiming for sales growth of 10.5%, which is the at the upper end of previous guidance.“As we close out 2023 and look ahead to 2024, Emerson (EMR) is uniquely positioned, based on the breadth and depth of our capabilities and long-standing customer relationships, to capture our customers' investments in energy security and affordability, sustainability and decarbonization, digital transformation, and nearshoring,” Lal Karsanbhai, Emerson’s (EMR) president and CEO, said in a statement.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1109041611"}