Seeking Alpha

ABB net profit +10% to $835M

  • 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)
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