ABB Ltd misses by $0.03, reports revs in-line
- Reports Q3 (Sep) earnings of $0.34 per share, $0.03 worse than the S&P Capital IQ Consensus of $0.37; revenues rose 6.1% year/year to $9.26 bln vs the $9.31 bln S&P Capital IQ Consensus.
- Short- and long-term outlook
- Macroeconomic signs remain robust in Europe and are trending positively in the United States, with growth expected to continue in China. The overall global market is growing, with rising geopolitical uncertainties in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company's results.
- The attractive long-term demand outlook in ABB's three major customer sectors -- utilities, industry and transport & infrastructure -- is driven by the Energy and Fourth Industrial Revolutions. ABB is well-positioned to tap into these opportunities for long-term profitable growth with its market-leading digital offering ABB Ability, strong market presence, broad geographic and business scope, technology leadership and financial strength.
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