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Emerson Electric Co Lowers FY 2013 Revenue Guidance; Sees FY 2013 EPS Guidance Towards Lower End Of Prior Range

Tuesday, 6 Aug 2013 06:30am EDT 

Emerson Electric Co announced that for fiscal 2013, it expects reported and underlying sales growth are expected to be approximately 1%, slightly lower than previous expectations and earnings per share (EPS) are trending toward the lower end of the range of $3.48 to $3.55, excluding the goodwill and tax charges related to the embedded computing and power business, or $2.78 to $2.85 including charges. The Company reported revenue of $24.4 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $24.8 billion and EPS of $3.49 for fiscal 2013. 

Company Quote

0.47 +0.70%
11:08am EDT