ABB net profit +10% to $835M

|About: ABB LTD. (ABB)|By:, SA News Editor

ABB's (ABB) Q3 net profit climbed 10% to $835M and beat forecasts of $789.4M.

Revenues +8% to $10.5B, topping consensus of $10.15B.

ABB benefited from stronger demand in the U.S., China and Germany

Revenues and operational EBITDA rose in all divisions

New CEO Ulrich Spiesshofer intends to maintain the rate of savings, focus on integrating acquisitions, and expand in existing markets. (PR)