ABB (NYSE:ABBNY) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS

ABB (NYSE:ABBNY) released its earnings results on Thursday. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17), Yahoo Finance reports. The company had revenue of $8.24 billion for the quarter. ABB had a net margin of 11.21% and a return on equity of 26.66%.

ABB Stock Performance

NYSE ABBNY traded up $0.50 on Friday, hitting $54.75. 16,241 shares of the company traded hands, compared to its average volume of 222,723. The business’s 50 day moving average price is $55.32 and its 200-day moving average price is $48.98. ABB has a 52-week low of $32.88 and a 52-week high of $58.22. The company has a market capitalization of $101.87 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.03 and a beta of 1.15. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.47.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.