Investors in industrial equipment company Emerson Electric Co. (NYSE: EMR )
have watched their stock underperform the S&P 500 by around 15%
year to date. The stock sold off after a disappointing set of
third-quarter results, and readers may be wondering whether this is the
trough in Emerson Electric Co.'s stock price for this year. In this
context, management had plenty of things to say about the company's
prospects. Let's look at five key takeaways from their commentary.
The first takeaway is that underlying sales--those that exclude acquisitions and divestitures-- came in at 3% and are trending at the low end of full-year guidance of underlying growth of 3%-5%. Underlying sales are important because they are a better gauge of the company's performance and future prospects. However, underlying order growth is a lot stronger; coming in at 5% in the third quarter. Moreover, Director of Investor Relations Patrick Fitzgerald said on the conference call:
READ THE FULL ARTICLE LINKED HERE
Orders better than sales
The first takeaway is that underlying sales--those that exclude acquisitions and divestitures-- came in at 3% and are trending at the low end of full-year guidance of underlying growth of 3%-5%. Underlying sales are important because they are a better gauge of the company's performance and future prospects. However, underlying order growth is a lot stronger; coming in at 5% in the third quarter. Moreover, Director of Investor Relations Patrick Fitzgerald said on the conference call:
READ THE FULL ARTICLE LINKED HERE
No comments:
Post a Comment