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  • Datacloud Asia 2017
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Emerson profit hit by raw materials

Industrial conglomerate Emerson Electric Co said raw materials inflation created headwinds in two of its biggest segments, as it reported quarterly profit that fell short of Wall Street expectations.

The maker of factory automation systems and network power systems for large data centres posted net earnings of US$480 million in the fiscal first quarter ended Dec 31, compared with US$425 million a year earlier.

Source: Reuters

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