ABB Ltd (NYSE:ABB) is reporting third quarter financial results on Friday 23rd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, ABB is expected to report 3Q20 revenue of $ 6199.62 million.
For the full year, analysts anticipate top line of $ 25370.30 million.
Previous Quarter Performance
ABB Ltd unfold income for the second quarter of $ 0.22 per share, from the revenue of $ 6,154.00 million. The quarterly earnings decreased 35.29 percent while revenues down 14.18 percent compared with the same quarter last year.
Street analysts expected ABB Ltd to report income of $ 0.10 per share on revenue of $ 5630.86 million for the second quarter. The bottom line results beat street analysts by $ 0.12 or 120.00 percent, at the same time, top line results outshined analysts by $ 523.14 million or 9.29 percent.
Stock Performance
Shares of ABB Ltd traded up $ 0.34 or 1.29 percent on Thursday, reaching $ 26.75 with volume of 1.35 million shares. ABB Ltd has traded high as $ 26.75 and has cracked $ 26.40 on the downward trend
The closing price of $ 26.75, representing a 79.54 % increase from the 52 week low of $ 14.71 and a 2.33 % decrease over the 52 week high of $ 27.04.
The company has a market capital of $ 56.95 billion and is part of the Industrials sector and Diversified Industrials industry.
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions. This segment serves building, data center, rail, wind and solar, distribution utilities, food and beverage, marine, e-mobility, and oil and gas industries.
