Investing.com - Emerson (NYSE:EMR) reported third quarter earnings that matched analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.94 on revenue of $4.47B. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $4.82B. That compared to EPS of $0.88 on revenue of $4.46B in the same period a year earlier. The company had reported EPS of $0.84 on revenue of $4.57B in the previous quarter.
For the year, Emerson shares are down 0.4%, under-performing the S&P 500 which is up 14.85% year to date.
Emerson follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on Tuesday, July 30, 2019, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
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