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ABB Posts Drop In Q4 Profit

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ABB (NYSE: 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.

Posted-In: profitEarnings News

 

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