Key Points
Aug 2 (Reuters) - U.S. engineering and industrial software firm Emerson (EMR.N) on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to a tight labor market...
The company's shares rose 3.9% in premarket trading...
Emerson now expects its fiscal 2023 adjusted profit from continuing operations between $4.40 and $4.45 per share, up from its previous outlook of $4.15 to $4.25 per share...
The St. Louis, Missouri-based company has been on a streamlining spree over the past few years, including executing a string of deals, to cash in on strong demand for industrial automation...
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