Investing.com - ABB ADR reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ABB ADR announced earnings per share of $0.25 on revenue of $6.9B. Analysts polled by Investing.com anticipated EPS of $0.2819 on revenue of $6.73B.
ABB ADR shares are up 14% from the beginning of the year and are trading at $33.18 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
ABB ADR shares gained 1.31% in intra-day trade the report.
ABB ADR follows other major Technology sector earnings this month
ABB ADR's report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $0.9497 on revenue of $12.77B, compared to forecasts EPS of $0.9247 on revenue of $12.78B.
Intel had beat expectations on Thursday with first quarter EPS of $1.39 on revenue of $18.57B, compared to forecast for EPS of $1.15 on revenue of $17.79B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar