Emerson Electric Shares Plummet On Q4 Miss, CEO Expects NI Deal To Solve Challenges
Portfolio Pulse from Akanksha Bakshi
Emerson Electric Co (NYSE:EMR) reported Q4 FY23 net sales growth of 5% YoY to $4.09 billion, missing the consensus of $4.19 billion. Adjusted EPS improved 21% YoY to $1.29, also missing the consensus of $1.31. The company's CEO expects the acquisition of National Instruments (NI) to solve many challenges and create long-term shareholder value. However, the company's shares fell by 7.88% following the announcement.
November 07, 2023 | 4:12 pm
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Emerson Electric's Q4 FY23 results missed expectations, leading to a drop in share price. The company's CEO expects the acquisition of National Instruments to solve many challenges and create long-term shareholder value.
Emerson Electric's Q4 FY23 results missed the consensus, which likely led to the drop in share price. The company's CEO expects the acquisition of National Instruments to solve many challenges and create long-term shareholder value, which could potentially improve the company's performance in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100