Investing.com - ABB ADR reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ABB ADR announced earnings per share of $0.21 on revenue of $6.58B. Analysts polled by Investing.com anticipated EPS of $0.16 on revenue of $6.31B.
ABB ADR shares are up 11.04% from the beginning of the year, still down 1.07% from its 52 week high of $27.04 set on October 12. They are outperforming the EUR/USD which is down 0% from the start of the year.
ABB ADR follows other major Technology sector earnings this month
ABB ADR's report follows an earnings matched by Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Intel had beat expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.1 on revenue of $18.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar