NEW YORK (TheStreet) -- Emerson Electric
(EMR) shares are down -1.7% to $62.87 on Tuesday after the company reported second quarter earnings and revenue that came in below analysts' expectations.
Net earnings for the quarter were $1.03 per diluted share, 3 cents worst than analysts expected, on revenue of $6.3 billion, which was also short of analysts' $6.5 billion estimate.
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TheStreet Ratings team rates EMERSON ELECTRIC CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:"We rate EMERSON ELECTRIC CO (EMR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." EMR data by YCharts
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