ABB (ABB): Q2 net profit +16% to $763M, below forecasts of $779M; Sales +6% to $10.2B, meeting...

|About: ABB LTD. (ABB)|By:, SA News Editor
ABB (ABB): Q2 net profit +16% to $763M, below forecasts of $779M; Sales +6% to $10.2B, meeting estimates. Orders -7% to $9.31B, due to a restructuring of ABB's power unit and the challenging economy, which is causing major transmission investments to be postponed. ABB affirms outlook that 2013 will be flat vs 2012. Shares -5.1%. (PR)