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ABB Sales Up 5% in 2Q

Switzerland-based power and automation company ABB reported sales for the second quarter of $8.9 billion, a 5 percent increase compared to the same period a year ago and a 1 percent increase on a like-for-like basis in local currencies. Profit increased 30 percent to $681 million.

Year-to-date sales were $19.3 billion, up 15 percent from the prior-year period and up 7 percent on a like-for-like basis in local currencies. Profit was up slightly at $1.3 billion.

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