Emerson Higher Ahead of Earnings

Published on Monday, 06 February 2012 10:40 Written by Danny Miller

New York, February 6th (TradersHuddle.com) - Shares of Emerson Electric Co. (NYSE:EMR) traded higher by +1.91% ahead of its quarterly earnings release. Emerson, the electric motor maker is expected to release its quarterly results on February 7^th.

Wall Street Analysts consensus calls for a profit of $0.51 a share on $5.29 billion revenue.

Emerson estimates have a range of $0.06 a share. The high estimate calls for profit of $0.54 a share and the low estimate is calling for a profit of $0.48 a share, a year ago for the quarter the company reported $0.63 a share.

Emerson Electric Co. (NYSE:EMR) manufactures and markets electrical, electromechanical, and electronic products and systems. The Company produces a variety of products, including process control, industrial automation, electronics, appliance components, and electric motors. The company was founded in 1890 and is based in St. Louis, Missouri.

Other companies on the watch on this earnings event are Danaher Corporation NYSE:DHR and AMETEK, Inc. NYSE:AME.