Emerson Electric (NYSE: EMR) reported Q1 EPS of $0.56, $0.05 better than the analyst estimate of $0.51. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.64 billion.

GUIDANCE:

Emerson Electric sees Q2 2016 EPS of $0.60-$0.65, versus the consensus of $0.64.

Emerson Electric sees FY2016 EPS of $3.05-$3.25, versus the consensus of $3.03.

"As we expected, the first quarter was impacted by many of the same trends we saw throughout fiscal 2015," said Chairman and Chief Executive Officer David N. Farr. "Although many of our end markets remain volatile, the results for the first quarter were slightly better than our expectations and we remain well positioned for a challenging 2016. Despite these difficult economic conditions, we will continue to execute on our operational plans, while diligently working to complete the portfolio repositioning actions we announced last June to create a stronger, more profitable and faster growing Emerson."

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