We hit $1.52 EPS, beat expectations, and raised the full-year outlook. Revenue climbed, but the stock still dropped 11 percent. Now leadership is talking about tightening costs and focusing on efficiency. That means we're staring down the barrel of more layoffs. Another solid quarter, and still we brace for impact.
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See, that's quite normal within Emerson. It's never enough. We were a little tribe compared to others and their turnovers. If we were doing worse than expected (with a yearly rise of expectations with the same staff, of course), we were threatened and hunted. If others were doing bad, we were kicked a-s in order to compensate the loss, even though our yearly turnover was not even a tenth of the big ones.
So you could do whatever, it was always insufficient and just not enough.
Outside of Aspentech, the profit forecast looks bad for the other BUs given the headwinds. If anything you would short this stock.
The market is in full-on Irrational Exuberance mode right now, with AI bubble, crypto nonsense, and so much other BS going on <<
You can just sum it up to one name...
Looking at the Chart the stock looks very toppy. Downside risk is significant.
You can partially blame BlackRock. Mostly to Lal and gang.
Was really interesting to see the all the indexes rally yesterday, yet poor EMR took a nosedive. The market is in full-on Irrational Exuberance mode right now, with AI bubble, crypto nonsense, and so much other BS going on. Fund managers are just playing hot potato with everyone's money at this point.