Emerson Electric Q2 2024 Adj EPS $1.36 Beats $1.25 Estimate, Sales $4.376B Beat $4.290B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q2 2024 adjusted EPS of $1.36, surpassing the $1.25 estimate, and sales of $4.376B, exceeding the $4.290B estimate. This represents a 24.77% increase in earnings and a 16.51% increase in sales compared to the same period last year.
May 08, 2024 | 10:56 am
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Emerson Electric reported a significant beat on both earnings and sales estimates for Q2 2024, with adjusted EPS at $1.36 and sales of $4.376B.
The substantial beat on both earnings and sales estimates for Emerson Electric in Q2 2024, with a notable year-over-year growth in earnings (24.77%) and sales (16.51%), is likely to positively impact investor sentiment and the stock price in the short term. The company's performance significantly exceeded analyst expectations, which typically leads to positive market reactions.
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