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EMR - Emerson Electric misses Q1 estimates sales outlook above consensus
Emerson Electric Company
Emerson Electric press release ( NYSE: EMR ): Q1 Non-GAAP EPS of $0.78 misses by $0.09 .
Revenue of $3.37B (+6.6% Y/Y) misses by $60M .
The company expects Q2 adjusted EPS in the range of $0.95 to $1 vs. consensus of $0.95 and between $4 to $4.15 vs. consensus of $4.09 for FY2023.
Q2 sales growth expected to be between 10.5% to 12.5% vs. consensus growth of -24.23% and for the fiscal year sales to grow in the range of 8% to 10% vs. consensus growth of -23.78%.