Investing.com - ABB ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ABB ADR announced earnings per share of $0.2 on revenue of $7.25B. Analysts polled by Investing.com anticipated EPS of $0.347 on revenue of $7.49B.
ABB ADR shares are down 26.41% from the beginning of the year, still down 28.18% from its 52 week high of $39.11 set on January 5. They are under-performing the EUR/USD which is down 0% from the start of the year.
ABB ADR follows other major Industrials sector earnings this month
ABB ADR's report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
CSX had beat expectations on Wednesday with second quarter EPS of $0.54 on revenue of $3.82B, compared to forecast for EPS of $0.4682 on revenue of $3.65B.
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