ABB Posts Higher Q1 Profit

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

ABB Ltd (ADR)

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

(NYSE: ABB) posted upbeat earnings for the first quarter on Wednesday.ABB's quarterly net profit gained 3.7 percent to $564 million, compared to $544 million, in the year-ago period. Its sales slipped 9.6 percent to $8.56 billion versus $9.47 billion. However, analysts were expecting a profit of $550 million on revenue of $8.41 billion.Like-for-like orders gained 15 percent to $10.4 billion in the quarter.Operational earnings before interest, tax and amortisation slipped 9 percent to $949 million.ABB shares rose 0.41 percent to close at $22.06 yesterday.