ABB Posts Drop In Q4 Profit

ABB ABB reported a drop in its fourth-quarter earnings. ABB's quarterly net profit slipped to $525 million, versus a year-ago profit of $604 million. Its revenue climbed to $11.37 billion versus $11.02 billion. However, analysts were estimating revenue of $11.35 billion. ABB shares closed at $25.65 yesterday.
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