ZURICH—ABB Ltd. said Thursday first-quarter revenue fell slightly to $7.85 billion from a year ago, but net income rose on divestment of the company’s high-voltage cable business, pushing its shares higher. The Swiss-based engineering and power-grid company said sales were down 1% from $7.90 billion in the year-ago quarter, though they rose 3% on a comparable basis that adjusted for currency changes, acquisitions and divestments....

Source: Wall Street Journal April 20, 2017 05:39 UTC