Emerson Electric ( EMR) said third-quarter earnings and revenue fell as the company continued to battle weakness in the electronics and telecommunications segments. Emerson also said it will start expensing its stock options on its income statement. The company earned $282 million, or 67 cents a share, compared with $330.4 million, or 77 cents, a year earlier. Sales fell to $3.6 billion from $3.9 billion. Excluding various items in the latest quarter, Emerson would have earned $297 million, or 70 cents a share. Analysts were predicting earnings of 71 cents on that basis. Emerson said fourth-quarter sales will be roughly the same as the third quarter's, while earnings should be up modestly from the year-ago's 58 cents a share, excluding a restructuring charge. The company's latest quarter included a $40 million charge for restructuring and other items. Sales in the electronics and telecommunications business were $614 million for the quarter, up 4% sequentially but down 31% compared with a year ago. Process control sales were $851 million, down 4% from a year ago. Emerson will begin expensing stock options Oct. 1 and predicted the step will reduce yearly earnings by about 4 cents a share.