Emerson Electric Co. EMR is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.EMR’s ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR’s cost cutting and restructuring initiatives are expected to benefit its results going forward.However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations. Consequently, in the last four trailing quarters, EMR has reported an average negative earnings surprise of 1.9%. However, Emerson’s results are expected to benefit from positive developments at the company’s Commercial & Residential Solutions segment, as well as favorable trends in the U.S. construction market.Currently, EMR has a Zacks Rank #2 (Buy) but that could change following its second-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:Earnings: EMR beats on earnings. Adjusted earnings per share came in at 66 cents, higher than the Zacks Consensus Estimate of 63 cents.Revenue: Revenues of $4,928 million surpassed the Zacks Consensus Estimate of $4,891 million.Key Stats: Despite the beat, revenues for the quarter were down quite significantly year over year, as Emerson continued to grapple with challenging economic conditions and adverse currency translation effect.Stock Price: EMR shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.Check back later for our full write up on this EMR earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMERSON ELEC CO (EMR): Free Stock Analysis Report To read this article on Zacks.com click here.