Emerson (NYSE: EMR), St. Louis, MO, reported sales for the third quarter ended June 30 of $4 billion, up 10 percent from the same period a year ago. Profit fell 13.1 percent to $425 million.
For the third quarter industrial automation sales increased 12 percent and commercial and residential solutions sales increased 7 percent.
Sales for the first nine months of the fiscal year were $10.8 billion, up 2 percent year-over-year. Profit decreased 14.7 percent to $1 billion.
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