American Electric Power Q1 EPS $1.54, Sales $5.46B; Emerson Q2 EPS $1.48, Sales $4.43B, Lowers Full-Year EPS Outlook

American Electric Power (AEP) reported first-quarter adjusted earnings per share (EPS) of $1.54, surpassing the consensus estimate of $1.40. The company also posted sales of $5.46 billion, exceeding the expected $5.17 billion. Emerson Electric (EMR) reported second-quarter adjusted EPS of $1.48, beating the estimate of $1.41, with revenue of $4.43 billion, also above the $4.38 billion forecast. For the third quarter, Emerson projects GAAP EPS between $1.04 and $1.08, below the $1.20 estimate, and adjusted EPS between $1.48 and $1.52, slightly under the $1.54 consensus. Sales guidance for Q3 is $4.577 billion to $4.621 billion, above the $4.53 billion estimate. Emerson also provided full-year EPS guidance of $4.05 to $4.20, down from previous expectations of $4.42 to $4.62. The company highlighted record adjusted EBITA margins and strong free cash flow, driven by ongoing portfolio transformation and the integration of AspenTech.