Emerson Electric Faces Revenue Drop, Automation Struggles

Emerson Electric's Q4 revenue falls short of expectations, leading to a stock price drop. Despite increased overall sales and on-target earnings, the company's automation division struggles with inconsistent demand and profit margins. However, measurement and analytical devices remain in high demand, particularly in the chemical, oil, and gas industries. Emerson's strategic shift towards automation faces challenges as it adapts to evolving market conditions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.