ABB Ltd. Earnings: Here’s Why Investors are Selling Shares Now
ABB Ltd. (NYSE:ABB) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.75%.
ABB Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.86% to $0.33 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 5.82% to $10.23 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: ABB Ltd. reported adjusted EPS income of $0.33 per share. By that measure, the company missed the mean analyst estimate of $0.35. It missed the average revenue estimate of $10.29 billion.
Key Stats (on next page)…