Emerson Electric (EMR) warns that the strengthening dollar will knock $120M of its Q4 sales,...

|About: Emerson Electric Co. (EMR)|By:, SA News Editor

Emerson Electric (EMR) warns that the strengthening dollar will knock $120M of its Q4 sales, although the conglomerate maintains its FY EPS outlook at $3.35-$3.50. Trailing 3-month orders are -2% due to the dollar, but bookings excluding forex are +3%. Growth at Emerson's largest process management segment remains strong