Emerson Electric falls on lower-than-expected profit forecast

Emerson Electric Co

05/02/2025 13:07

** Shares of Emerson Electric  EMR.N  down 1.46% at $125.82
    ** The engineering service co expects Q2 adj. profit in
range of $1.38-$1.42 per share, below analysts' average estimate
of $1.45/share, data compiled by LSEG
    ** Forecasts 2025 net sales growth between 1.5% and 3.5% vs.
estimates of growth of 3.98%
    ** Co reports Q1 net sales of $4.12 bln, below estimates of
$4.23 bln
    ** Also reports Q1 adj. profit of $1.38 per share, compared
with estimates of $1.28 per share
    ** Shares rose ~27.33% in 2024

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))