Emerson Electric (EMR) Tops Q2 EPS by 3c; Guides In-Line

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Go back to Emerson Electric (EMR) Tops Q2 EPS by 3c; Guides In-Line

Emerson Reports Second Quarter 2016 Results

May 3, 2016 7:00 AM EDT

Net sales of $4.9 billion decreased 9 percent, with underlying sales down 5 percent Reported earnings per share decreased 60 percent to $0.57. Adjusted earnings per share increased 2 percent to $0.66 excluding ($0.09) for separation costs and a $0.77 gain on the sale of the power transmission solutions business in the prior year Improved working capital performance generated strong operating cash flow of $719 million

ST. LOUIS--(BUSINESS WIRE)-- Emerson (NYSE: EMR) today announced net sales in the second quarter ended March 31, 2016 were down 9 percent, with underlying sales down 5... More