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Emerson Electric profit rises 2 pct
February 4, 2014 / 12:15 PM / 4 years ago

Emerson Electric profit rises 2 pct

Feb 4 (Reuters) - Emerson Electric Co reported a 2 percent rise in first-quarter profit as demand in Europe remained stagnant.

The diversified U.S. manufacturer of industrial controls, power supplies and home-storage equipment said earnings rose to $462 million, or 65 cents per share, in the quarter ended Dec. 31, from $454 million, or 62 cents per share, a year earlier.

Net sales rose 1 percent to $5.61 billion.

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