Investing.com - Emerson (NYSE:EMR) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Emerson announced earnings per share of $0.89 on revenue of $4.16B. Analysts polled by Investing.com anticipated EPS of $0.77 on revenue of $4.33B. That with comparison to EPS of $0.84 on revenue of $4.57B in the same period a year before. Emerson had reported EPS of $0.67 on revenue of $4.15B in the previous quarter. Analysts are expecting EPS of $0.7 and revenue of $3.98B in the upcoming quarter.
Emerson shares are down 33.23% from the beginning of the year , still down 35.03% from its 52 week high of $78.38 set on January 17. They are under-performing the S&P 500 which is down 12.99% year to date.
Emerson follows other major Technology sector earnings this month
Emerson's report follows an earnings matched by Taiwan Semiconductor on Thursday, who reported EPS of $0.75 on revenue of $10.32B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
SAP ADR had missed expectations on Tuesday with first quarter EPS of $0.92 on revenue of $7.1B, compared to forecast for EPS of $1.02 on revenue of $7.1B.
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