Investing.com - Emerson (NYSE:EMR) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Emerson announced earnings per share of $1.21 on revenue of $4.95B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $5.09B.
Emerson shares are down 18% from the beginning of the year, still down 5.51% from its 52 week high of $105.99 set on September 3. They are under-performing the Nasdaq which is up 21.43% from the start of the year.
Emerson follows other major Technology sector earnings this month
Emerson's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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