trending Market Intelligence /marketintelligence/en/news-insights/trending/HqE7ENQGwt-4BRKIdVLDQg2 content esgSubNav
In This List

ABB Ltd. profit misses consensus by 32.0% in Q2

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


ABB Ltd. profit misses consensus by 32.0% in Q2

ABB Ltd. said its normalized net income for the second quarter amounted to 23 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.

EPS rose 6.2% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $518.5 million, an increase from $502.4 million in the prior-year period.

The normalized profit margin increased to 5.7% from 4.9% in the year-earlier period.

Total revenue declined 10.1% year over year to $9.16 billion from $10.19 billion, and total operating expenses declined 11.5% from the prior-year period to $8.20 billion from $9.27 billion.

Reported net income decreased 9.7% from the prior-year period to $581.9 million, or 26 cents per share, from $644.6 million, or 28 cents per share.