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Emerson Electric

(EMR) - Get Emerson Electric Co. Report

met analysts' expectations for the fourth quarter, citing continued demand for network power and connectivity products and services.

The company, which is based in St. Louis, reported fourth-quarter earnings of $371 million, or 86 cents a share, meeting the 10-analyst

First Call/Thomson Financial

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consensus estimate. The company earned $340.2 million, or 78 cents a share, in the year-ago period.

Sales for the quarter rose 12% to $4.07 billion from $3.62 billion for the same period a year ago.

Shares of Emerson were recently trading down $3.06, or 4.2%, to $69.56 on the

New York Stock Exchange

.