But that was all over shadowed by misses on sales, weak underlying growth, and a suboptimal outlook for the current quarter and fiscal year 2024.
For the current quarter, the sales forecast was solid, even as the earnings guidance came up short.
On a full-year basis, sales and earnings forecasts fell short of expectations, as did cash-flow-generation targets.
Guidance Looking ahead, management's forecast for the current quarter pointed to a better than expected sales result, however its earnings guidance came up short.
On a full-year basis, expectations for underlying sales growth and full-year earnings bracketed expectations.
Persons:
—, EBITA, Emerson, Surendralal Karsanbhai, Jim Cramer's, Jim Cramer, Jim, Timothy Aeppel
Organizations:
Emerson Electric, Revenue, Emerson, National Instruments, CNBC, Workers, Emerson Electric Co
Locations:
belter, Marshalltown , Iowa