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

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)
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