ABB Q2 Earnings Top Estimates & Revenues Miss, Orders Up Y/Y
Zacks Investment Research | Jul 25, 2019 10:16PM ET
ABB Ltd. (NYSE:ABB) reported mixed second-quarter 2019 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues lagged the same.
Operational earnings were 34 cents per share, which beat the consensus estimate of 26 cents by 30.8%. However, the bottom line fell 10.5% from the year-ago figure of 38 cents.
Inside the Headlines
ABB’s second-quarter revenues totaled $7,171 million, up 7% from the year-ago quarter. The upside can be attributed to impressive growth at the Electrification and Motion segments. On a comparable basis, the revenues grew 2%. The top line missed the consensus estimate of $7,335 million.
ABB Ltd Price, Consensus and EPS Surprise
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