ABB quarterly revenue lags forecasts, shares fall
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Published date: 2024/11/16
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ZURICH, July 18 (Reuters) - ABB on Thursday posted a slightly better-than-expected profit in the second quarter, Smart lamp the engineering group's final set of numbers under departing Chief Executive Bjorn Rosengren, but shares stumbled as revenues fell short of expectations.
In case you liked this article in addition to you want to acquire guidance about Smart home automation pakistan i implore you to visit our own site. The Swiss maker of factory robots, ship motors Home automation and smart home systems Smart house industrial drives said operational core profit (EBITA) for the April-June period rose by 10% to $1.56 billion, beating analyst forecasts for a figure of $1.54 billion.
"In the second quarter, demand was solid and the operational EBITA margin reached the all-time-high level of 19%," Rosengren said, even as he noted that there were one-off items that supported the company's performance.
In case you liked this article in addition to you want to acquire guidance about Smart home automation pakistan i implore you to visit our own site. The Swiss maker of factory robots, ship motors Home automation and smart home systems Smart house industrial drives said operational core profit (EBITA) for the April-June period rose by 10% to $1.56 billion, beating analyst forecasts for a figure of $1.54 billion.
"In the second quarter, demand was solid and the operational EBITA margin reached the all-time-high level of 19%," Rosengren said, even as he noted that there were one-off items that supported the company's performance.
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