Investing.com - Emerson (NYSE:EMR) reported second quarter earnings that matched analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.84 on revenue of $4.57B. Analysts polled by Investing.com forecast EPS of $0.84 on revenue of $4.65B. That compared to EPS of $0.76 on revenue of $4.25B in the same period a year earlier. The company had reported EPS of $0.74 on revenue of $4.15B in the previous quarter.
For the year, Emerson shares are up 17.41%, under-performing the S&P 500 which is up 18.39% year to date.
Emerson follows other major Technology sector earnings this month
On Wednesday, April 24, 2019, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Apple earnings beat analyst's expectations on Tuesday, April 30, 2019, with second quarter EPS of $2.46 on revenue of $58.02B. Investing.com analysts expected EPS of $2.36 on revenue of $57.54B
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