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OTCMKTS:ABBNY

ABB Q3 2024 Earnings Results & Report

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$95.75 +0.22 (+0.23%)
As of 10:48 AM Eastern

ABB missed analyst earnings expectations in its Q3 2024 results, released October 17, 2024. The company reported EPS of $0.51 versus the $0.55 consensus estimate, while revenue was $8.15 billion.

Earnings Announcement Details

Quarter
Q3 2024
Report Date
Time
TAS

ABB EPS Results

Actual EPS
$0.51
Consensus EPS
$0.55
Beat/Miss
Missed by -$0.04
One Year Ago EPS
N/A
EPS Beat Rate
1 of last 8 quarters

ABB Revenue Results

Actual Revenue
$8.15 billion
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

Conference Call Resources

ABB Q3 2024 Earnings FAQ

ABB (OTCMKTS:ABBNY) reported earnings of $0.51 per share for Q3 2024, missing the consensus estimate of $0.55. The report was announced on Thursday, October 17, 2024.

ABB reported revenue of $8.15 billion for Q3 2024.

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About ABB

ABB (OTCMKTS:ABBNY). is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company’s business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies. ABB also provides process-control systems, measurement and analytical instruments, industrial software, digital solutions and lifecycle services for sectors such as manufacturing, energy, transportation, infrastructure and marine industries.

ABB was created in 1988 through the merger of Sweden’s ASEA and Switzerland’s Brown Boveri. The company is headquartered in Zurich, Switzerland, and serves customers through operations and sales networks spanning more than 100 countries. ABB is led by Chief Executive Officer Morten Wierod, who assumed the role in August 2024.

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