The company, which makes process controls systems, valves and analytical instruments, posted revenue of $4.15 billion, up 9% from $3.82 billion a year ago, but short of Wall Street's forecasts of $4.23 billion.
"As expected, our Commercial & Residential Solutions business felt the crosswinds of weakening consumer demand in China that began in the second half of 2018," Chairman and CEO David N. Farr said in a statement. "We continue to watch the situation carefully, and we are optimistic our China Commercial & Residential Solutions team will achieve positive underlying orders and sales in the second half of 2019."
Emerson Electric said it expects full-year earnings to be $3.60 to $3.75 a share, which the company said reflected lower incentive compensation expense, improvement in the estimated full-year tax rate and accelerated timing of share repurchases. The company said it expects full-year net sales to grow 7% to 10% and underlying sales to increase 4%, to 7%.
Farr said that "full-year orders, underlying sales, profitability and cash flow are on track to deliver a strong 2019."