| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $0.83 | $0.82 | $0.75
|
 |
Emerson Electric (EMR Quote - Cramer on EMR - Stock Picks) beat analysts' fiscal first-quarter expectations by a penny, while sales increased 11% from the same period a year ago.
The company, a maker of electrical and electronic products and systems, said earnings rose to $357.4 million, or 83 cents a share, from $324.9 million, or 75 cents a share, a year ago. Excluding goodwill amortization, income rose to 91 cents from 82 cents.
According to
First Call/Thomson Financial, analysts expected the company, which is based in St. Louis, to earn 82 cents after factoring in goodwill costs.
Sales for the first quarter ended Dec. 31 rose to $3.92 billion from $3.54 billion for the comparable period last year.
TSC Staff
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