Emerson Electric Q3 2024 Adj. EPS $1.43 Beats $1.42 Estimate, Sales $4.380B Miss $4.450B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q3 2024 adjusted EPS of $1.43, beating the estimate of $1.42. However, sales of $4.380 billion missed the estimate of $4.450 billion. Sales increased by 11% compared to the same period last year.
August 07, 2024 | 10:55 am
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Emerson Electric's Q3 2024 adjusted EPS of $1.43 beat estimates, but sales of $4.380 billion missed expectations. Sales increased by 11% YoY.
While Emerson Electric's EPS beat expectations, the miss on sales could create mixed reactions in the market. The 11% YoY sales increase is a positive sign, but the shortfall against estimates may temper investor enthusiasm.
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