Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Emerson Posts 13 pct Rise In Quarterly Profit

Emerson Electric Co reported a 13 percent increase in quarterly profit as the industrial conglomerate registered rise of 15 percent in its revenue which stood at $5.54 billion, compared with analysts’ forecasts for sales of $5.57 billion. The maker of factory automation systems and network power systems for large data centers posted net earnings of $480million, or 63 cents per share.