ZURICH (dpa-AFX) – ABB Ltd. (ANN.L) on Thursday reported pretax profit from continuing operations of $1.324 billion for the third quarter, higher than $1.231 billion in the same quarter last year, mainly helped by order growth.

Profit from continuing operations increased to $941 million, or $0.51 per share, from $889 million, or $0.48 per share last year.

Net income increased to $947 million, or $0.51 per share, higher than $882 million, or $0.48 per share, in the same quarter last year, mainly due to order growth. .

Operating profit was $1.309 billion, up from $1.259 billion a year ago.

Operating earnings before interest, taxes, depreciation and amortization or operating EBITA increased 12% year-over-year to $1.553 billion.

Revenue for the quarter increased 2 percent to $8.151 billion from $7.968 billion a year earlier, with orders growing 2 percent to $8.193 billion.

Looking ahead, the company now expects full-year comparable sales growth to be less than 5%. Previously, the company expected comparable revenue growth of around 5 percent.

For the fourth quarter, comparable revenue growth is expected in the low-to-mid single-digit range.

Copyright(c) 2024 RTTNews.com. All rights reserved

Copyright RTT News/dpa-AFX