Investing.com - Emerson (NYSE:EMR) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Emerson announced earnings per share of $1.29 on revenue of $4.79B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $4.71B.
Emerson shares are down 2.68% from the beginning of the year and are trading at $90.48 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.39% from the start of the year.
Emerson follows other major Industrials sector earnings this month
Emerson's report follows an earnings beat by United Parcel Service on April 26, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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