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Emerson Beats Estimates, Ups Dividend
ST. LOUIS (TheStreet) -- Emerson Electric (EMR) reported fiscal fourth-quarter earnings that beat expectations despite falling from a year ago.
Emerson said it had net earnings of $506 million, or 67 cents a share, for the quarter ended Sept. 30, falling from a year-ago profit of $688 million, or 88 cents a share.
Net sales slid 21% from a year ago to $5.32 billion, Emerson said. ...
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