Market Currents

• Wednesday, November 11, 2009

• 15:24 PM Emerson Electric (EMR) CEO David Farr says - pointedly - he will keep focusing on growth overseas: "Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing." The company has eliminated more than 20,000 jobs this year. "What do you think I am going to do? I’m not going to hire anybody in the United States. I’m moving." 9 Comments

• Tuesday, November 3, 2009

• 08:46 AM Emerson Electric Company (EMR): FQ4 EPS of $0.67 beats by $0.07. Revenue of $5.32B (-20.5%) in-line. Sees 2010 revenue of $19.45-19.87B vs. $20.21B. "We are well positioned for economic recovery, but the shape and speed of the recovery remains unknown and we expect weakness to continue in the near-term." Shares -1% premarket. (PR) Comment!
• 00:05 AM Notable premarket earnings: ABC, ACOR, ADM, AMT, ANR, CAM, COL, CTSH, EMR, EXPD, FTR, GET, HCP, HNT, ICE, JOE, JRCC, LPX, MA, MHS, MRO, MVL, NXG, OSK, PER, PKD, PQ, RCL, RDC, RL, SNH, TE, TEVA, THC, TLM, VIA, VNO Comment!

• Tuesday, October 6, 2009

• 08:40 AM Emerson Electric (EMR) to acquire Avocent (AVCT) for $1.3 in cash, or $25/share - a 22% premium to Monday's close (PR). Emerson - a maker of industrial-automation equipment, power systems and heating and cooling gear - will apply Avocent's infrastructure management technology to its network of power systems, energy management and precision cooling services to boost energy efficiency. EMR +0.2%. AVCT +20.7%. 2 Comments

• Tuesday, August 4, 2009

• 07:05 AM Emerson Electric Company (EMR): FQ3 EPS of $0.56 misses by $0.01. Revenue of $5.1B (-22.5%) vs. $5.3B. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ARM, AYE, CAM, CBB, CTSH, CVS, DHI, DISCA, DNR, DUK, EMR, ETR, EXPD, FTR, HCP, HNT, ICE, ICON, JOE, LPX, MAC, NI, PGN, PNW, PPL, RDC, SE, SPG, THC, TRW, UPL, VNO, VRX, WTI Comment!

• Tuesday, May 5, 2009

• 06:49 AM Emerson Electric (EMR): FQ2 EPS of $0.49 misses by $0.04. Revenue of $5.1B (-15.5%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, ALU, AVP, AYE, BAM, CBB, CEG, CTSH, CVS, DNR, DRH, DUK, EMR, FCL, FE, HEW, HNT, ICE, JOE, KFT, LM, LPX, MAC, MVL, PAG, PCP, PGN, PNW, PQ, RDN, SE, SRE, TAP, TEVA, UNT, VRX, VTR, WEC, WTI, WY, WYNN, XEC
    Comment!

• Tuesday, February 3, 2009

• 09:05 AM Premarket gainers: ITMN +41%. DRYS +31%. OSIP +13%. EXM +9%. ADCT +7%. ADP +6%. DHI +6%. TYC +6%. HBAN +6%. GNK +6%. VOD +6%. AFL +6%. SGP +5%. RF +5%. EMR +5%. DB +5%. RBS +5%. C +5%. Comment!
• 07:01 AM Emerson Electric Company (EMR): FQ1 EPS of $0.60 beats by $0.03. Revenue of $5.4B (-1.9%) vs. $5.3B. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, AVP, BP, CAM, CE, CME, CMI, COCO, COL, DHI, DOW, EMR, ETR, HNT, IACI, KSU, LPX, MDU, MOT, MRK, MRO, MYGN, NNN, NOC, PEG, PNC, PRGO, SGP, TYC, UPS, WEC Comment!

• Tuesday, November 4, 2008

• 06:52 AM Emerson Electric (EMR): FQ4 EPS of $0.88 beats by $0.02. Revenue of $6.7B (+11.1%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, AEE, AMSC, DF, DNR, EMR, ENTG, EXPD, FE, GTI, HCP, HL, HNT, HOC, JEC, JOE, LPX, MAC, MGA, MYGN, NI, NNN, NXG, PPL, PQ, RDC, TDC, TEN, THC, TLM, VNO, WTI, XEC Comment!

• Wednesday, August 27, 2008

• 08:54 AM Morgan Stanley sees global infrastructure spending growth of just 3% this year - and flat in 2009. GE (GE) Caterpillar (CAT) and Emerson Electric (EMR) say they aren't seeing cancellations - yet. Comment!

• Tuesday, August 5, 2008

• 06:52 AM Emerson Electric Company (EMR): FQ3 EPS of $0.82 beats by $0.01. Revenue of $6.6B (+13.8%) vs. $6.4B. [PR] Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, AHCI, ALD, AMSC, CHTR, CMS, COV, CSE, DHI, DNR, DUK, EAT, EMR, EXPD, GLBL, HNT, ICON, IDEV, JRCC, LEAP, MGM, MVL, NI, PG, PKD, RDC, RRI, TAP, THC, VNDA, VNO, WTI, WY, XEC Comment!