ABB (VTX:ABBN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$8.15b (up 2.3% from 3Q 2023).
- Net income: US$942.0m (up 6.0% from 3Q 2023).
- Profit margin: 12% (in line with 3Q 2023).
- EPS: US$0.51 (up from US$0.48 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ABB Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 6.5%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electrical industry in Switzerland.
Performance of the Swiss Electrical industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for ABB that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SWX:ABBN
ABB
Provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally.
Flawless balance sheet average dividend payer.
