ABB Ltd (ADR) (ABB) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.35 EPS for the quarter. Analysts had a consensus estimate of $0.35. The company posted revenue of $8677.00 million in the period, compared to analysts expectations of $8787.18 million. The company’s revenue was down -5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
ABB Ltd (ADR) opened for trading at $20.2 and hit $20.35 on the upside on Wednesday, eventually ending the session at $20.24, with a gain of 0.65% or 0.13 points. The heightened volatility saw the trading volume jump to 18,43,117 shares. Company has a market cap of $43,802 M.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion Low Voltage Products Process Automation Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial commercial and residential applications. The Process Automation division provides engineered solutions products and services for process control safety instrumentation plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation transmission and distribution. The Power Systems division offers solutions for power and water plants grid integration and automation as well as a range of systems and services for the generation transmission and distribution of electricity. The Company operates in approximately 100 countries.