Emerson Electric (EMR) Reports In-Line Q2 EPS; Raises FY EPS Outlook

Emerson Electric (NYSE: EMR) reported Q2 EPS of $0.58, in-line with the analyst estimate of $0.58. Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.5 billion.

GUIDANCE:

Emerson Electric sees FY2017 EPS of $2.55-$2.65, versus prior of $2.47 to $2.62 and the consensus of $2.59.

"Following our solid first quarter, the second quarter results again exceeded our expectations delivering continued profitability improvement over the prior year,” said Chairman and Chief Executive Officer David N. Farr. “During the quarter we saw improving demand across both of our platform businesses, positioning us for a stronger second half of the year. Considering our solid performance in the first half of the fiscal year and current order trends, we are raising our full year sales and EPS guidance. We now expect earnings per share from continuing operations to be $2.55 to $2.65, versus our prior guidance of $2.47 to $2.62. This EPS guidance assumes full year sales are approximately flat with underlying sales up approximately 1 percent excluding unfavorable currency translation."

For earnings history and earnings-related data on Emerson Electric (EMR) click here.

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