Investing.com - Emerson (NYSE:EMR) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Emerson announced earnings per share of $0.8 on revenue of $3.91B. Analysts polled by Investing.com anticipated EPS of $0.59 on revenue of $3.86B.
Emerson shares are down 17.69% from the beginning of the year and are trading at $62.77 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.98% from the start of the year.
Emerson follows other major Technology sector earnings this month
Emerson's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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