Europe underlying sales were down 6 percent. Reconciliations of Non-GAAP Financial Measures & Other. The table above does not include $5 of costs related to restructuring actions that were reported in cost of sales in the fourth quarter of fiscal 2020. Emerson Electric last issued its earnings data on November 8th, 2020. Others will last longer. "They are looking for a state that gives them the independence, the autonomy and the freedom to chart their own course. Forward-Looking and Cautionary Statements. Full year free cash flow was $2.55 billion, up 6 percent, resulting in strong free cash flow conversion of 128 percent driven by rigorous operational execution across the two business platforms. The study reflects results from over 300 adults.See more from Benzinga * Click here for options trades from Benzinga * Will Microsoft's Stock Reach 0 By 2022? In the Americas, underlying sales were down 23 percent, with North America down over 20 percent, as continued broad-based demand challenges were partially offset by momentum in life sciences, food & beverage, and semiconductor. Free cash flow was $1.02 billion, up 2 percent for the quarter, resulting in exceptional free cash flow conversion of 140 percent. "We would like to play an important part," CEO Alf Poor said while speaking at the Benzinga Global Small Cap Conference this past week. Benzinga does not provide investment advice. China orders were up 2 percent, however. Full year GAAP net sales of $16.8 billion were down 9 percent; underlying sales were down 8 percent, also in-line with management guidance. China Literature said in a statement that it has been actively working with regulators on compliance, while Alibaba representatives didn’t immediately respond to requests for comment.Read more: Jack Ma Bets $2.6 Billion He Can Revamp China Retail SectorWhat Bloomberg Intelligence Says:Alibaba’s ability to strengthen its domestic e-commerce ecosystem through M&A may be significantly weakened on rising anti-monopoly scrutiny, underlined by a 500,000 yuan fine by the State Administration for Market Regulation on Monday for failing to seek approval for its stake acquisitions of Intime Retail in 2014-18. "In conclusion, the fiscal year wasn’t just about reacting to the pandemic. 03.11.2020 - Emerson (NYSE: EMR) today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2020. Fourth quarter GAAP net sales were down 8 percent and underlying "Most importantly, we were able to deliver strong profitability, earnings, and cash flow, driven by our ongoing robust cost containment and restructuring actions. “The announcement, together with the draft antitrust guidance unveiled in November, signals that Beijing will pay close attention to the monopolistic status of Chinese internet companies.”(Adds China Literature comment in seventh paragraph, estimated size of live-streaming game market in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. Earnings in the quarter benefited from the ongoing restructuring and cost reduction actions. Auto Solns. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 2:00 p.m. Eastern Time, 1:00 p.m. Central Time. ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2020. Europe grew by 8 percent, as demand for heat pump solutions continued to show momentum due to sustainability regulations and customer technology preferences. Note: Underlying sales and orders exclude the impact of acquisitions, divestitures and currency translation. Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market. Prices also extended gains amid supply jitters after a shipping firm said an oil tanker was hit by an external source while discharging at Jeddah port in Saudi Arabia. While the amount is immaterial to Alibaba, retroactive application of new anti-competitive rules announced in November may be a stern warning to toe the line in future.\-- Vey-Sern Ling and Tiffany Tam, analystsClick here to read the researchHuya in October agreed to buy DouYu in an all-share deal and Tencent, which currently owns stakes in both companies, was expected to hold about 68% of the merged business’s voting shares.
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