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Emerson Drops Most Since September as Monthly Orders Decline

Dec. 21 (Bloomberg) -- Emerson Electric Co. declined the most since Sept. 30 after reporting November orders that were lower than analysts’ estimates.

Emerson fell 5.4 percent to $46.97 at 4 p.m. in New York trading. The shares have dropped 18 percent this year.

The St. Louis-based company’s trailing three-month orders for November, excluding foreign exchange, rose 4 to 5 percent compared with 8 percent in October and below the guidance range of 5 to 7 percent, Julian Mitchell, a New York-based analyst with Credit Suisse, said in a note today.

To contact the reporter on this story: Thomas Black in Dallas at tblack@bloomberg.net

To contact the editor responsible for this story: James Langford at jlangford2@bloomberg.net

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