By Pierre BertrandABB reported a jump in third-quarter profit and revenue helped by pricing and the conversion of the Switzerland-based technology company's order backlog. The company said on Wednesday that it made $882 million in quarterly net profit, compared with $360 million a year prior after having booked a nonoperational provision related to its legacy Kusile power-station project in South Africa.

Source: Wall Street Journal October 18, 2023 15:44 UTC