Wednesday, February 5, 2020

ABB Q4 Profit Rises, But Orders Down; Sees Margin Growth; Stock Up

Shares of ABB Ltd. were gaining around 3 percent in the morning trading in Switzerland after the engineering company reported Wednesday higher profit in its fourth quarter, despite weak revenues and orders. Going ahead, the company expects to improve operating margins. The company projects weaker growth in Europe and the US, while China's stabilizing trend might be impacted by the coronavirus.

from RTT - Earnings https://ift.tt/2vRObWk
via IFTTT

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