|
|
News Breaks | | | | February 5, 2013 | | 14:44 EDT |  | EMR | Emerson CEO Farr: Recent order trends suggest market conditions stabilizing
On Emerson's (EMR) Q1 earnings conference call, CEO David Farr said, "The pockets of growth our businesses captured were encouraging even though the level of total investment in our end markets continues to be slow. Recent order trends suggest market conditions have stabilized and may be poised for improvement, particularly in the emerging markets. Business investment remains slow and cautious globally, particularly in Europe, but there have been indications of thawing demand in certain markets." Despite the tenuous economic environment, the company expects to be on pace for record financial performance in 2013, with most of the gains coming in the first half of the year. Asia is expected to gain order growth momentum in the second quarter, especially in China and India. Also, steady demand in the near term from the continued recovery of residential end markets in U.S. is expected to drive profits. Management says the balance sheet remains strong and the near term outlook looks solid, supported by energy end market strength and a high backlog. Overall, the company says its cost structure remains well-positioned for continued sluggish demand for industrial capital goods in the near term. | |
|
News For EMR From The Last 14 Days Check below for free stories on EMR the last two weeks. |
|
|
| May 20, 2013 | | 07:22 EDT |  | EMR | Electrical Products Group to host a conference
2013 EPG Conference is being held on Longboat Key, Florida on May 20-22 with webcasted company presentations to begin on May 20 at 7:30 am; not all company presentations may be webcasted. Webcast Link | | | May 8, 2013 | | 10:00 EDT |  | EMR | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 07:57 EDT | | EMR | Emerson downgraded at Bernstein
As noted earlier, Bernstein downgraded Emerson to Market Perform from Outperform with a $62 price target. The firm thinks that the company's end markets remain under pressure and lack tailwinds. | | | 06:21 EDT | | EMR | Emerson downgraded to Market Perform from Outperform at Bernstein
Subscribe for More Information | | | May 7, 2013 | | 14:54 EDT | | EMR | Emerson does not see strong pick-up in 2H that was initially forecast
Subscribe for More Information | | | 14:10 EDT |  | EMR | Emerson cuts FY13 sales growth view to 1.5%-2% from 2%-5%, consensus $25.18B
Subscribe for More Information | | | 06:35 EDT | | EMR | Emerson cuts FY13 EPS to $3.48-$3.58 from $3.53-$3.68, consensus $3.59
Subscribe for More Information | | | 06:34 EDT | | EMR | Emerson reports Q2 EPS 77c, consensus 78c
Reports Q2 revenue $5.92B, consensus $6.03B | | | May 6, 2013 | | 15:35 EDT | | EMR | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Emerson Electric (EMR), consensus 78c; EOG Resources (EOG), consensus $1.17; DIRECTV (DTV), consensus $1.08; Health Care REIT (HCN), consensus 91c; FirstEnergy (FE), consensus 68c; Perrigo (PRGO), consensus $1.44; Charter Communications (CHTR), consensus (61c); HollyFrontier (HFC), consensus $1.73; Oaktree Capital Group (OAK), consensus $1.53; NRG Energy (NRG), consensus (28c). | |
|
|
|
|
|
|
