Emerson Electric is a global technology and engineering company that provides innovative solutions in automation, electrification, and industrial technology
The company specializes in software, systems, and services that enhance efficiency and productivity in various industries, including manufacturing, oil and gas, and utilities. Through its diverse portfolio, Emerson aims to optimize operations, promote sustainability, and improve safety for its customers worldwide. With a focus on cutting-edge digital technology and process automation, Emerson helps businesses navigate the complexities of modern industrial challenges.
Engineering and automation solutions company Emerson (NYSEEMR) fell short of the market’s revenue expectations in Q4 CY2024 as sales only rose 1.4% year on year to $4.18 billion. Next quarter’s revenue guidance of $4.38 billion underwhelmed, coming in 2.6% below analysts’ estimates. Its non-GAAP profit of $1.38 per share was 8% above analysts’ consensus estimates.
Emerson Electric Company to acquire Aspen Technology shares not already owned by them in a $7.2 billion deal, valuing shares at $265 each. Deal expected to close in 2025.
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Shares of engineering and automation solutions company Emerson (NYSEEMR)
jumped 8.3% in the afternoon session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election.
For industrials stocks, President-elect Trump is considered more pro-business and a defender of American industrial interests. This could generally lead to a more robust capital expenditures and investment environment.
