Emerson Electric (EMR) Misses Q3 EPS by 1c, Updates Outlook

Emerson Electric (NYSE: EMR) reported Q3 EPS of $0.68, $0.01 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $4 billion versus the consensus estimate of $4.03 billion.

GUIDANCE:

Emerson Electric sees FY2017 EPS of $2.58-$2.62, versus the consensus of $2.60.

• Adjusted earnings per share from continuing operations are expected to be $2.58 to $2.62 including an estimated ($0.05) impact from Valves & Controls operations, but excluding ($0.10) for first year acquisition accounting charges, an increase from our prior guidance on a comparable basis of $2.50 to $2.60. Our earnings per share guidance provided last quarter was $2.55 to $2.65, which excluded the impact of the Valves & Controls acquisition due to the timing of the completion of the acquisition.
  

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

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