Feb 4 Emerson Electric Co reported
higher-than-expected first-quarter revenue, helped by robust
demand from China.
The diversified U.S. manufacturer of industrial controls,
power supplies and home-storage equipment said net sales rose 1
percent to $5.61 billion from a year earlier, above the average
analyst estimate of $5.55 billion.
The company's earnings rose 2 percent to $462 million, or 65
cents per share, in the quarter ended Dec. 31.
Excluding acquisition-related costs, the company earned 67
cents a share, in line with analysts' average expectation,
according to Thomson Reuters I/B/E/S.
Emerson reaffirmmed its current-year adjusted earnings
growth forecast of 4-7 percent. The company had reported
adjusted earnings of $3.54 per share for 2013.
St. Louis, Missouri-based Emerson's shares closed at $64.25
on the New York Stock Exchange on Monday.