Emerson Electric Co(EMR) reported that fourth quarter net earnings declined to $506 million or $0.67 per share from $688 million or $0.88 per share in the year-ago period.
On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.60 for the quarter. Analysts' estimate typically exclude special items.
Quarterly net sales slid 21% to $5.32 billion from $6.7 billion in the previous year. Underlying sales in the quarter declined 20%, which excludes a 2% unfavorable impact from currency exchange rates and a 1% positive impact from acquisitions. Thirteen analysts estimated revenues of $5.30 billion for the quarter.
The company predicts first quarter underlying sales to be down 17 % to 20% and Consolidated Sales to decline 12% -15%.
Looking ahead, the company expects fiscal 2010 underlying sales to be down 5% to 7% and consolidated sales to be between up 2% and down 2%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.