(Reuters) -Engineering solutions provider Emerson (NYSE:EMR) Electric slightly raised its annual profit forecast on Wednesday, banking on reduced cost exposure to tariffs and higher demand for its intelligent devices segment. However, its shares fell more than 7% in premarket trading. The company’s intelligent devices business benefited from a rise in demand for its measurement and analytical components, as well as pressure-relief and safety-valve components. Emerson now expects 2025 adjusted profit per share of $6, marginally higher than the midpoint of its prior range of $5.90 to $6.05. "Net and underlying (2025) sales guidance of ~3.5% growth reflects our updated expectations for pricing actions as the tariff expense exposure has reduced," the company said in a statement. Revenue from the St. Louis, Missouri-based company’s largest segment, intelligent devices, rose by 4% to $3.13 billion in the quarter. Emerson earned third-quarter profit of $1.52 per share on an adjusted basis, beating analysts’ average estimate of $1.51 per share, according to data compiled by LSEG. Quarterly net sales rose 4% to $4.55 billion. Analysts were expecting revenue of $4.59 billion. Before you buy stock in EMR, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is EMR one of them?

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