Emerson Electric boosts 2024 profit view on measurement tools demand
-Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm's shares up about 2% in premarket trade.
The St. Louis, Missouri-based company now expects full-year adjusted earnings per share of between $5.40 and $5.50, compared with its prior expectation of $5.30 to $5.45. On adjusted basis, it earned $1.36 per share for the quarter ended March 31, compared with analysts' estimates of $1.25, according to LSEG data.) cut its full-year profit and sales growth forecast on Tuesday, after having to dial back an initial push towards automation.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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