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Stock Market & Financial Investment News

News For EMR From The Last 14 Days
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April 24, 2015
07:25 EDTEMREmerson discloses three month orders decreased double digits
In a regulatory filing, Emerson disclosed three-month orders down double digits, reflecting the drop in oil prices a global slowdown in capital spending, most notably in energy-related markets, and significant strength in the U.S. dollar, which deducted 7 percentage points through currency translation. The company added, "European markets have recently shown some signs of improvement as a result of the weaker Euro. Underlying orders were down high single digits reflecting slow market conditions in all segments. Underlying sales for the second quarter will be flat compared to prior year, excluding unfavorable currency of 5% and an impact from divestitures of 2 percent. Reported GAAP sales for the second quarter will be down 7%. These results are in line with our commentary from the February orders release. We expect to increase full year restructuring spending to approximately $140M."
April 13, 2015
10:12 EDTEMREmerson CEO willing to undertake strategic actions, says Credit Suisse
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