07:41 AM EDT, 05/08/2024 (MT Newswires) -- Emerson Electric ( EMR ) reported fiscal Q2 adjusted earnings Wednesday of $1.36 per diluted share, up from $1.09 a year earlier.

Analysts polled by Capital IQ expected $1.25.

Net sales for the quarter ended March 31 were $4.38 billion compared with $3.76 billion a year earlier.

Analysts polled by Capital IQ expected $4.29 billion.

The company said it expects fiscal Q3 adjusted EPS of $1.38 to $1.42 and 11% to 12.5% in net sales growth. Analysts polled by Capital IQ expect $1.44 in adjusted EPS on revenue of $4.50 billion.

For the full year, Emerson said it now expects $5.40 to $5.50 in adjusted EPS, from the previous range of $5.30 to $5.45, and 15% to 16% in net sales growth, from the previous forecast of 14.5% to 17%. Analysts polled by Capital IQ expect $5.40 in adjusted EPS on revenue of $17.59 billion.

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