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ABB’s Sales Rise 10% in Q1

Switzerland-based power and automation company ABB reported first-quarter sales of $8.6 billion, a 10 percent increase over the first quarter of 2017. The company reported profit of $572 million, a 21 percent drop when compared to the year-ago period, which included a gain from the divestment of its cables business. Excluding that gain, profit rose 10 percent.


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