WASHINGTON (dpa-AFX) - Emerson Electric Co. (EMR) released earnings for second quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $485 million, or $0.86 per share. This compares with $501 million, or $0.87 per share, last year.
Excluding items, Emerson Electric Co. reported adjusted earnings of $837 million or $1.48 per share for the period.
Analysts on average had expected the company to earn $1.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.3% to $4.432 billion from $4.376 billion last year.
Emerson Electric Co. earnings at a glance (GAAP) :
-Earnings: $485 Mln. vs. $501 Mln. last year. -EPS: $0.86 vs. $0.87 last year. -Revenue: $4.432 Bln vs. $4.376 Bln last year.
-Guidance: Next quarter EPS guidance: $1.48 - $1.52 Full year EPS guidance: $5.90 - $6.05
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