Emerson - posts qtrly eps $0.53

Emerson reports first quarter 2020 results and updates full year guidance.sees fy 2020 gaap earnings per share $3.27 to $3.52.q1 adjusted earnings per share $0.67.q1 earnings per share estimate $0.67 -- refinitiv ibes data.reiterated full-year 2020 sales guidance.updated full-year eps guidance for planned restructuring actions and associated benefits.board of directors has largely completed its review of operational, capital allocation and portfolio initiatives.initiated nearly $100 million of restructuring in quarter..qtrly net sales of $4.2 billion were flat; underlying sales were flat.fy2020 earnings per share view $3.63 -- refinitiv ibes data.q1 revenue view $4.15 billion -- refinitiv ibes data.qtrly gaap eps was $0.53.sees 2020 adjusted eps $3.55 to $3.80.2020 adjusted eps outlook increase reflects favorable impact of expected savings from restructuring actions.emerson electric- sales, underlying orders were slightly below expectations in q1 as n.american upstream operators further slowed investment spending.updated 2020 guidance framework excludes any potential impact from coronavirus.sees 2020 gaap eps $3.27 to $3.52.
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