Emerson (EMR) Q3 Earnings Surpass Estimates, Sales Rise Y/Y

Emerson Electric Co. (EMR) reported third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of $1.43 per share, which beat the Zacks Consensus Estimate of $1.42. The bottom line increased 11% year over year.Emerson’s net sales of $4.38 billion missed the consensus estimate of $4.47 billion. The top line increased 11% year over year, driven by solid segmental performance. The underlying sales were up 3% year over year.Segmental DetailsEffective from the first quarter of fiscal 2023, the company star ...