ABB Ltd. (ABB) reported third quarter net income of $1.03 billion, up 12% from US$927 million in the comparable quarter last year. The company noted that latest quarter results included a $380-million net gain for various previously-announced provision adjustments. Basic net income per share for the quarter of US$0.45, versus US$0.41 in the last year quarter.
Revenues for the quarter fell 10% to US$7.91 billion from US$8.79 billion in the year-ago quarter. Earnings before interest and taxes for the quarter was US$1.4 billion, up 10% from US$1.29 billion in the prior year quarter.
The company noted that outlook for its businesses over the rest of 2009 and into 2010 remains uncertain.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.