Emerson (EMR) Q2 Earnings Surpass Estimates, Sales Rise Y/Y

Emerson Electric Co. (EMR) reported second-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of $1.36 per share, which beat the Zacks Consensus Estimate of$1.26. The bottom line increased 25% year over year.Emerson’s net sales of $4.38 billion beat the consensus estimate of$4.29 billion. The top line increased 17% year over year, driven by a solid segmental performance. The underlying sales were up 8% year over year.Segmental DetailsEffective from the first quarter of fiscal 2023, the company sta ...