CLSA Downgrades Emerson (EMR) to Sell

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Go back to CLSA Downgrades Emerson (EMR) to Sell

Emerson Reports Third Quarter 2016 Results

August 2, 2016 6:45 AM EDT

Reached agreements to sell Network Power, Leroy-Somer and Control Techniques Quarterly net sales of $5.1 billion decreased 7 percent, with underlying sales down 5 percent Reported earnings per share decreased 12 percent to $0.74. Adjusted earnings per share decreased 5 percent to $0.80 excluding ($0.06) for separation costs Improved cost structure resulting from restructuring actions supported the generation of $718 million of operating cash flow

ST. LOUIS--(BUSINESS WIRE)-- Emerson (NYSE: EMR) today announced net sales in the third quarter ended June 30, 2016 were down 7... More