Emerson profit rises on robust demand in automation unit

Cognex

08/02/2023 12:08

Feb 8 (Reuters) - Industrial conglomerate Emerson
Electric Co  EMR.N  reported a higher quarterly profit on
Wednesday, powered by strong demand for its automation systems
in a tight labor market.
     The company's net income rose to $2.33 billion, or $3.97 
per share, in the first quarter ended Dec. 31, from $896
million, or $1.50 per share, a year earlier. 
 (Reporting by Aishwarya Nair in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
 ;))