BUZZ-Emerson Electric falls on lower-than-expected profit forecast

Reuters
02-05
BUZZ-Emerson Electric falls on lower-than-expected profit forecast

** 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;))

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