Emerson posts 19% lower profit, trims 2009 outlook
February 03, 2009 at 14:22 PM EST
Emerson Electric Co., feeling the pinched of cash-strapped consumers and the near collapse of the housing market, reports a 19% drop in fiscal first-quarter profit and lowers its earnings outlook for 2009 as it grapples with what is shaping up to be a difficult year.