Emerson predicts Q3 net profit backpedals 11%

Emerson Electric released earnings warnings and said that affected by the worsening sales of electronic and telecom products, the Q3 earnings ended June 30 would drop 11% from last year while per share earnings stand at 77 US cents, below the market expectation of 88 US cents. As for the full year, Emerson predicted that the profit would decrease 5%. Emerson shed US$8.48 to close at US$52.93.

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