Investing.com - Emerson (NYSE:EMR) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.74 on revenue of $4.15B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $4.21B. That compared to EPS of $0.58 on revenue of $3.82B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $4.89B in the previous quarter.
For the year, Emerson shares are up 13.22%, outperforming the S&P 500 which is up 10.01% year to date.
Emerson follows other major Technology sector earnings this month
On Thursday, January 24, 2019, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
IBM earnings beat analyst's expectations on Tuesday, January 22, 2019, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.73B
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