** Shares of engineering solutions provider Emerson Electric EMR.N rise 3% to $110.50 premarket
** EMR raised its full-year underlying earnings outlook, citing strong demand for its automation services and products that drove Q2 profit ahead of estimates
** Now expects full-year adj. EPS between $5.90 and $6.05, compared with its previous range of $5.85 and $6.05
** Also, hikes forecast for 2025 net sales growth to about 4% from its prior expectation of growth between 1.5% and 3.5%
** Q2 adj EPS of $1.48 beat analysts' average expectation of $1.41
** Net sales of $4.43 billion also beat the Street view of $4.38 billion.
** As of last close, stock had fallen 13.4% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.