ST. LOUIS (AP) _ Emerson Electric Co. (EMR) on Tuesday reported fiscal third-quarter net income of $399 million.

On a per-share basis, the St. Louis-based company said it had net income of 67 cents. Earnings, adjusted for non-recurring costs, came to 80 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The maker of process controls systems, valves and analytical instruments posted revenue of $3.91 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.85 billion.

Emerson Electric expects full-year earnings in the range of $3.20 to $3.35 per share.

Emerson Electric shares have decreased 18% since the beginning of the year, while the Standard & Poor's 500 index has increased 2%. The stock has increased slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMR at https://www.zacks.com/ap/EMR

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