Thursday, July 21, 2022

ABB Q2 Profit Weak, Orders Rise; Sees Improvement Ahead; Stock Up

Swiss engineering company ABB Ltd. reported Thursday weak profit in its second quarter with lower revenues, while orders climbed amid a positive market momentum. Looking ahead, the company projects higher revenues in the third quarter, and margin improvement in fiscal 2022. In Switzerland, ABB shares were gaining around 2 percent.

from RTT - Earnings https://ift.tt/Fje62CE
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