Aug 4 (Reuters) - Emerson Electric ( EMR ) posted
third-quarter profit and revenue above Wall Street expectations
on Tuesday, as demand for industrial automation in North America
and Asia remained robust.
The company benefited from strong demand for its automated,
software-connected test and measurement systems, which help
clients bring products to market by offering functions such as
data acquisition and control solutions.
Here are some details:
* Revenue in the software and systems segment rose 11%
during the third quarter, with test and measurement sales
jumping 23%.
* However, sales in Europe during the quarter fell 1% from a
year ago.
* Earlier this year, the company flagged headwinds from flat
activity and challenges in the European automotive, packaging
and chemical industries
* Shares of the company were down about 2.4% in after-hours
trading.
* The St. Louis, Missouri-based company reported an adjusted
profit of $1.71 per share in the third quarter, above $1.68 per
share expected by analysts, according to data compiled by LSEG.
* Total revenue for the quarter ended June 30 was $4.87
billion, up 7% from a year earlier. Analysts, on average, were
expecting revenue of $4.8 billion.