Emerson beats quarterly profit estimates on strong industrial components demand


FILE PHOTO: Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) - Engineering solutions provider Emerson topped first-quarter profit estimates on Wednesday, fueled by resilient demand in its valves and regulators unit.

Demand for Emerson's industrial components has surged as companies increase their energy and power investments.

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