Dow Jones Newswires: ABB posts 72% rise in net profit, lifts guidance

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By Christian Moess Laursen

ABB 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.

The Swiss industrial company said net profit grew to $1.04 billion from $604 million in the same quarter of 2022, as the company was able to convert its order backlog into…