Emerson Electric Company (NYSE: EMR) is a diversified technology firm, providing electrical products and engineering services to industrial, commercial and consumer markets. Products include motors, appliances, tools and monitoring devices for controlling industrial plant operations, providing commercial and residential power and environmental control, and operating commercial refrigeration units. Competitors include General Electric (NYSE: GE) and Hitachi (NYSE: HIT).

The company pleased investors earlier in the month, when it reported fiscal Q4 EPS of 78 cents and revenues of $6.13 million. Analysts had been expecting 75 cents and $6.04 billion. Management also guided FY08 EPS to about $2.93-3.06 ($2.98 consensus) and FY08 revenues to about $24.15-24.83 billion ($24.03B consensus).

Continue reading Emerson Electric Company (EMR) shares form bullish 'flag' after good earnings

Emerson Electric Company (EMR) shares form bullish 'flag' after good earnings originally appeared on BloggingStocks on Wed, 28 Nov 2007 14:52:00 EST. Please see our terms for use of feeds.