ABB Stock Up On Higher Q1 Opn. EBITA, Boost In FY24 Margin View

Shares of ABB Ltd. were gaining around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported higher Operational EBITA, a key earnings metric, in its first quarter. Meanwhile, net profit and orders were lower and revenues were nearly flat. The company said its order intake for the first quarter was better than expected.

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