Investing.com - Emerson (NYSE:EMR) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Emerson announced earnings per share of $0.83 on revenue of $4.2B. Analysts polled by Investing.com anticipated EPS of $0.6809 on revenue of $3.97B.
Emerson shares are up 0.56% from the beginning of the year and are trading at $80.82 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 0.47% from the start of the year.
Emerson follows other major Technology sector earnings this month
Emerson's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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