(Reuters) – Industrial conglomerate Emerson Electric Co 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)
