2023/10/21 16:45:12 人评论 次浏览 分类:热点聚焦  文章地址:








ABB (OTCPK:ABBNY) -6.6% in Wednesday's trading after posting Q3 earnings and revenues that came in below expectations, with continued lackluster growth seen in Q4.

Q3 net profit jumped to $882M from $360M in the year-ago quarter, when results were affected by a provision related to the legacy Kusile power station project in South Africa, while Q3 revenues rose 8% Y/Y on a reported basis to $7.97B and operating EBITDA jumped 13% to $1.39B with a 17.4% margin.

Analysts had forecast ABB (OTCPK:ABBNY) to report a net profit of $919M on revenues of $8.11B, according to consensus estimates provided by the company.

Q3 orders slipped 2% Y/Y on a reported basis to $8.05B, with declines at ABB's (OTCPK:ABBNY) electrification, motion, and robotics and discrete automation units, while orders at the company's process automation business rose 20%.

A 9% increase in orders in the Americas region was offset by respective 11% and 5% order declines in Europe and Asia.

"Orders in China declined at a low single-digit comparable growth rate particularly hampered by weakness in robotics and construction demand," CEO Bjorn Rosengren said.

ABB (OTCPK:ABBNY) said it forecasts low- to mid-single digit comparable revenue growth in Q4, while expecting full-year comparable revenue growth in low double-digits, with an operational margin of 16.5%-17%; it previously said it expected revenue growth of at least 10% and an operational margin above 16%.

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