By Denny Jacob
Emerson Electric posted a wider-than-expected decline in its first-quarter sales.
The autonomous technology company logged earnings attributable to common stockholders of $142 million, or 25 cents a share, compared with $585 million, or $1.02 a share, a year earlier. Analysts polled by FactSet had expected 90 cents a share.
Sales ticked down to $4.12 billion from $4.18 billion. Analysts polled by FactSet had expected $4.22 billion.
The St. Louis company guided for sales to range between a decline of 0.5% to growth of 0.5% in the second quarter, while adjusted earnings per share were forecast to range between $1.38 and $1.42. Analysts polled by FactSet expect adjusted earnings per-share of $1.45.
Emerson forecast sales to increase between 1.5% to 3.5% in 2025, while adjusted earnings per-share are predicted to range between $5.85 and $6.05. Analysts polled by FactSet expect adjusted earnings per share of $5.93.
Emerson in January agreed to acquire the remaining stock of Aspen Technology in a deal valued at $7.2 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 05, 2025 07:17 ET (12:17 GMT)
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