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Emerson Electric fourth-quarter revenue falls 15 pct
November 3, 2015 / 12:32 PM / 2 years ago

Emerson Electric fourth-quarter revenue falls 15 pct

Nov 3 (Reuters) - Factory automation equipment maker Emerson Electric Co reported a 14.6 percent drop in quarterly revenue, hurt by a strong dollar and falling oil prices that curtailed spending by customers in the energy industry.

Revenue fell to $5.81 billion in the fourth quarter ended Sept. 30 from $6.81 billion a year earlier.

Net earnings attributable to Emerson shareholders rose to $648 million, or 98 cents per share, from $410 million, or 58 cents per share.

Excluding items, the company earned 93 cents per share. (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Savio D'Souza)

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