Emerson Electric Co. (NYSE: EMR) has increased in price very sharply

Emerson Electric Co. (NYSE: EMR) shares called bulls

In brief: Emerson Electric Co. (NYSE: EMR) quarterly profit rose 51%. Analysts had expected the worst results.

Emerson Electric Co. (NYSE: EMR) shares began to rise in price today. Emerson Electric Co. of 50.85 points at the opening of tenders. Pre-market reacted with a bullish trend: 52.00 +1.15 (2.26%).

American industrial conglomerate Emerson Electric recorded 51% jump in net profit for the third quarter, with the end of June 30 from $ 387 million, or 51 cents per share a year earlier to $ 585 million, or 77 cents per share. Analysts on average expected profit at 68 cents per share. Company revenue for the period under review increased by 11% to $ 5.64 billion at the average analysts’ forecast of $ 5.57 billion Favourable indicators due to the restoration results in the U.S. and Europe.

Ukrainian Globalist
2010-08-03 13:03, Economics.

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