Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

ABB Q1 Profit Rises 5% - Quick Facts

RELATED NEWS
Trade ABB now with 

ABB Ltd. (ABB: Quote) reported that first quarter net income attributable to company increased 5 percent to $685 million from $655 million in the same period last year. Basic net income per share was $0.30, compared to $0.29 in the previous year period.

Revenues were $8.907 billion, versus $8.402 billion in the year-ago quarter. The company said that revenues increased in all divisions and were 8 percent higher than the same quarter a year earlier, led by 21% growth in Discrete Automation and Motion and 9 percent in Power Products.

Operational EBITDA declined 7 percent, with an operational EBITDA margin of 13.9 percent.

The company noted that more than half of its profitability decline was attributable to the challenging demand environment in China, especially in the construction and transportation sectors.

Looking forward, the company said that the long-term outlook for company remains positive and added that overall demand to provide ample opportunities for profitable growth in 2012 and also confirmed its longer-term Group and divisional targets.

Click here to receive FREE breaking news email alerts for ABB Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.