Investing.com - Emerson (NYSE:EMR) reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.07 on revenue of $4.97B. Analysts polled by Investing.com expected EPS of $1.08 on revenue of $5.04B. That compared to EPS of $0.97 on revenue of $4.89B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $4.68B in the previous quarter.
For the year, Emerson shares are up 22.54%, under-performing the S&P 500 which is up 24.28% year to date.
Emerson follows other major Technology sector earnings this month
On Wednesday, October 30, 2019, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analyst's expectations on Wednesday, October 23, 2019, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar