Emerson Electric Q3 EPS $1.29 Beats $1.09 Estimate, Sales $3.95B Beat $3.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q3 earnings of $1.29 per share, beating the analyst consensus estimate of $1.09 by 18.35 percent. The company also reported quarterly sales of $3.95 billion, surpassing the analyst consensus estimate of $3.89 billion by 1.44 percent.
August 04, 2023 | 10:55 am
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POSITIVE IMPACT
Emerson Electric's Q3 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Emerson Electric reported higher than expected earnings and sales for Q3. This positive financial performance could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100