TheStreet.com RealMoney

Emerson's Quarter Was Stellar, Despite U.S.

By Jim Cramer

About this article:
Another tech company delivers: Emerson Electric . I know, it isn't Microsoft or Oracle or Texas Instruments . It isn't Intel or National Semi or Altera or Xilinx . It isn't, because those have companies don't have that much growth and haven't in years (Oracle's growth is more oriented toward acquisitions and taking share, which it is great at.) Think about what Emerson did in a "recessionary environment." Growth of earnings: 21%. Sales growth of 6% ex-currency, but more important: 18% growth in Asia and Latin America and 19% in the Middle East and Africa. It was the U.S. that was pulling everything down: 1% gain. How about profit margins? Fattened, 100 basis points. Can you imagine how amazing that is with all of those raw cost inputs soaring? Where's the gain? All of the tech that Emerson prides itself in: industrial automation, network...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here



100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.





If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.