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
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