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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 Nathan Allen
ABB Ltd. (ABBN.EB) said Thursday that earnings fell in the fourth quarter despite orders rising across all divisions and regions.
The Swiss engineering group said net profit for the October-to-December period fell to $317 million from $393 million a year earlier.
ABB said profitability was hit by higher costs and charges from legacy operations as well as the acquisition of GE Industrial Solutions.
Revenue rose to $7.40 billion from a restated figure of $6.80 billion, while orders increased 10% to $6.99 billion, the company said.
Analysts had forecast net profit of $299 million on revenue of $7.26 billion, according to a consensus compiled by FactSet.
The company proposed a dividend of 0.80 Swiss francs ($0.80) a share, up from CHF0.78 a year earlier.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 28, 2019 01:19 ET (06:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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