ABB quarterly revenue lags forecasts, shares fall

96.00 €
Published date: 2024/11/16
  • Location: 27530, Fasoúla, Pafos, Cyprus
ZURICH, July 18 (Reuters) - ABB on Thursday posted a slightly better-than-expected profit in the second quarter, the engineering group's final set of numbers under departing Chief Executive Bjorn Rosengren, but shares stumbled as revenues fell short of expectations.

If you have any type of concerns concerning where and ways to utilize Home automation systems Lahore, you can call us at the webpage. The Swiss maker of factory robots, ship motors and Twinkly lights industrial drives said operational core profit (EBITA) for Wireless light switch the April-June period rose by 10% to $1.56 billion, Smart home automation products 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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