Emerson Electric Q4 Adj $1.29 Misses $1.31 Estimate, Sales $4.09B Miss $4.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q4 earnings of $1.29 per share, missing the analyst consensus estimate of $1.31 by 1.53 percent. This is a 15.69 percent decrease from the same period last year. The company also reported quarterly sales of $4.09 billion, missing the analyst consensus estimate of $4.19 billion by 2.46 percent, a 23.69 percent decrease from the same period last year.
November 07, 2023 | 11:55 am
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NEGATIVE IMPACT
Emerson Electric's Q4 earnings and sales missed estimates, indicating a potential negative impact on the company's stock.
Emerson Electric's earnings and sales for Q4 have both missed estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100