* Q4 adjusted profit $1.11/share beats by 6 cents
* Sales up 2 pct to $6.70 bln
* Shares add 2.1 percent
Nov 6 (Reuters) - U.S. industrial conglomerate Emerson Electric Co reported a sharply lower quarterly net profit on Tuesday, reflecting a goodwill charge in its network power business, and said it expects earnings to grow by at least a single-digit percentage rate in fiscal 2013.
Slower telecommunications and information technology markets led to the $592 million charge. Emerson said it will pursue a sale of its $1.4 billion embedded computing and power business.
Emerson shares rose 2.1 percent in early trading to $51.55.
Net earnings fell 63 percent to $282 million, or 39 cents per share, in the fourth quarter ended Sept. 30, from $761 million, or $1.01 per share, a year earlier.
Excluding the goodwill charge, adjusted profit of $1.11 a share was 6 cents ahead of the Wall Street target, according to Thomson Reuters I/B/E/S.
Sales rose 2 percent to $6.70 billion, meeting estimates.
St. Louis-based Emerson, which raised its dividend slightly, posted an 18 percent sales increase in its process management business, reflecting investment by the energy industry. Other divisions showed lower or flat sales.
Sales and profit expectations have come down in recent weeks as Emerson's orders have reflected weak telecommunications demand and softening economies in Asia.
Emerson, the maker of factory automation systems, uninterruptible power supplies for data networks, and wireless technology for the energy sector, said orders have slowed because economies remain uncertain in the United States, Europe and China.
It forecast that fiscal 2013 sales would be flat to up 5 percent and earnings per share should grow by the mid- to high-single digits.
``If China's economy can get off its back and recent momentum in the U.S. continues, Emerson should deliver another respectable year,'' Edward Jones analyst Matt Collins said.