Emerson Electric cuts full-year outlook as orders slip

Tue May 7, 2013 6:44am EDT

May 7 (Reuters) - Emerson Electric Co reported marginally higher quarterly earnings and cut its outlook for the remainder for the year, saying orders were trending lower.

The provider of industrial automation systems and uninterruptible power supplies said it now expects earnings of $3.48 to $3.58 per share for the year with revenue growth of 1.5 to 2.5 percent.

Emerson had earlier forecast earnings of $3.53 to $3.63 per share and sales growth of 2 to 5 percent.

Net income attributable to shareholders rose 3 percent in the second quarter to $561 million, or 77 cents per share, from $545 million, or 74 cents per share, a year earlier.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.