ABB: third-quarter net income of $1.18 billion, revenue of $9.7 billion
FROM THE WIRE · FINANCE.YAHOO.COM
ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Tuesday reported third-quarter net income of $1.18 billion. On a per-share basis, the Zurich-based company said it had net income of 65 cents. Earnings, adjusted to account for discontinued operations, came to 68 cents per share.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralQuarterly results of a large industrial group, with per-share earnings and revenue relevant for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ABB reported third-quarter net income of $1.18 billion.
- 02Net income was 65 cents per share; adjusted for discontinued operations, 68 cents.
- 03Revenue for the period was $9.7 billion, and shares have climbed 21% since the start of the year.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
ABB Ltd70.74 CHF+0.14%today -5.30%Neutral ABB Ltd848.40 SEK-0.73%today -5.46%Neutral ABB Ltd89.63 USDMarket closedtoday -1.55%Neutral ABB Ltd77.19 EURMarket closedtoday -2.78%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets