Emerson Electric is a global technology and engineering company that provides innovative solutions in automation, electrification, and industrial technology
The company specializes in software, systems, and services that enhance efficiency and productivity in various industries, including manufacturing, oil and gas, and utilities. Through its diverse portfolio, Emerson aims to optimize operations, promote sustainability, and improve safety for its customers worldwide. With a focus on cutting-edge digital technology and process automation, Emerson helps businesses navigate the complexities of modern industrial challenges.
Emerson Electric Company to acquire Aspen Technology shares not already owned by them in a $7.2 billion deal, valuing shares at $265 each. Deal expected to close in 2025.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Vontier (NYSEVNT) and the rest of the internet of things stocks fared in Q3.
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including Emerson Electric (NYSEEMR) and its peers.
Shares of engineering and automation solutions company Emerson (NYSEEMR)
jumped 8.3% in the afternoon session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election.
For industrials stocks, President-elect Trump is considered more pro-business and a defender of American industrial interests. This could generally lead to a more robust capital expenditures and investment environment.
Engineering and automation solutions company Emerson (NYSEEMR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 12.9% year on year to $4.62 billion. On the other hand, the company expects next quarter’s revenue to be around $4.21 billion, slightly below analysts’ estimates. Its GAAP profit of $1.73 per share was also 50.8% above analysts’ consensus estimates.
Emerson Electric reported strong Q4 FY24 results, with net sales up 13% and adjusted EPS beating expectations. FY25 outlook shows continued momentum and plans for shareholder returns.
