Emerson Electric, a leading provider of industrial automation solutions, reported third-quarter profit and revenue above Wall Street expectations on Tuesday. The company’s strong performance was driven by robust demand for its automated, software-connected test and measurement systems in North America and Asia.
Key Highlights
Revenue in the software and systems segment rose 11% during the third quarter, with test and measurement sales jumping 23%. However, sales in Europe fell 1% from a year ago. The St. Louis, Missouri-based company reported an adjusted profit of $1.71 per share in the third quarter, above $1.68 per share expected by analysts.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.