) shares declined Tuesday after it released results for the fourth quarter and issued guidance. Despite some positives, the overall report was viewed as a disappointment.
Emerson Electric said it sees earnings per share of $1.00 to $1.05 in the first quarter, below the consensus of $1.12. Sales were expected to grow 14% to 17.5% over the same period. For the full year, the company said it sees EPS of $5.15-$5.35, versus the consensus of $5.25, and sales growth of 13% to 15.5%.
“Underlying execution & project funnel are strong, but expectations may have been higher into the F24 & Q1 guide,” the analysts wrote.
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