By Christian Moess LaursenABB Ltd. said Tuesday that net profit rose 72% in the first quarter of 2023 on strong customer activity, and it raised its full-year guidance. ABB said in its fourth-quarter results that it anticipated double-digit revenue growth in the first quarter of 2023. This beat the expectations of $877 million for net profit and $7.55 billion for revenue, according to analysts' consensus provided by the company. It had previously guided for revenue growth above 5% and an operational Ebita margin of at least 15%. (END) Dow Jones Newswires04-25-23 0126ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 25, 2023 05:32 UTC