Emerson (NYSE: EMR), St. Louis, MO, reported sales for the third quarter of $4.5 billion, up 10 percent from the same period a year ago. Profit grew 69.2 percent to $719 million.
For the third quarter industrial automation sales increased 18 percent and commercial and residential solutions sales decreased 1 percent.
Sales for the first nine months of the fiscal year were $12.5 billion, up 16 percent year-over-year. Profit increased 56.4 percent to $1.6 billion.
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