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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
From May 2019 to May 2024
By Kim Richters
ABB Ltd. (ABBN.EB) said Wednesday that third-quarter net profit and revenue fell, largely due to weaker market conditions hitting its robotics and automation business.
The Swiss engineering company said net profit for the period was $515 million, compared with $603 million a year earlier.
Revenue for the period fell 3% to $6.89 billion, compared with $7.10 billion the previous year. The company restated the 2018 figures to reflect the sale of its power-grids business.
Operational earnings before interest, taxes and amortization fell to $806 million from $814 million, the company said.
ABB beat analyst expectations for net profit--$363 million--and operational Ebita--$792 million--, according to consensus provided by the company.
The company expects light revenue growth and improved operating margins for the full year, it said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 23, 2019 01:32 ET (05:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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