ZURICH (AP) _ ABB Ltd. (ABB) on Tuesday reported first-quarter net income of $502 million.

On a per-share basis, the Zurich-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 31 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The industrial automation company posted revenue of $6.9 billion in the period.

ABB shares have increased 17% since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABB at https://www.zacks.com/ap/ABB

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