ABB Q2 EPS $0.48 Beats $0.44 Estimate, Sales $8.16B Beat $7.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
ABB (NYSE:ABB) reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.44 by 9.09%. This is a 140% increase from the same period last year. The company also reported quarterly sales of $8.16 billion, beating the estimate of $7.95 billion by 2.68%, a 12.58% increase from last year.
July 20, 2023 | 6:06 am
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POSITIVE IMPACT
ABB's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
ABB's Q2 earnings and sales have exceeded the estimates, which is a positive signal for investors. This indicates a strong financial performance by the company, which could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100