More on Emerson Electric (EMR) FQ3: net profit +13% to $770M, boosted by improved sales to the...

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

More on Emerson Electric (EMR) FQ3: net profit +13% to $770M, boosted by improved sales to the oil and gas sector. However, cuts FY forecasts due to stuttering global economy. Now expects EPS of $3.35-$3.40 vs. $3.35-$3.50 prior and consensus of $3.34, and underlying sales growth of 3-4% instead of 3-5%. Shares +1.5% premarket.