ABB Ltd. (ABB) Tops Q1 EPS by 6c

ABB Ltd. (NYSE: ABB) reported Q1 EPS of $0.28, $0.06 better than the analyst estimate of $0.22. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $8.07 billion.

Short-term outlook

Macroeconomic and geopolitical developments are signaling a mixed picture with continued uncertainty. Some macroeconomic signs in the US remain positive and growth in China is expected to continue, although at a slower pace than in 2015. The market remains impacted by modest growth in Europe and geopolitical tensions in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company’s results.

For earnings history and earnings-related data on ABB Ltd. (ABB) click here.

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