Emerson (EMR) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Emerson(EMR) Zacks Investment Research·2024-02-08 03:16
Emerson Electric Co. (EMR) reported first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of $1.22 per share, which beat the Zacks Consensus Estimate of $1.04. The bottom line increased 56.4% from the year-ago quarter's level. Emerson’s net sales of $4.1 billion beat the consensus estimate of $3.9 billion. The top line increased 22.1% year over year, driven by solid segmental performance. The underlying sales were up 10% as well.Segmental DetailsEffective from the fiscal first quarter of 2023, th ...