Investing.com - ABB ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ABB ADR announced earnings per share of $0.37 on revenue of $7.45B. Analysts polled by Investing.com anticipated EPS of $0.3564 on revenue of $7.25B.
ABB ADR shares are up 28.18% from the beginning of the year and are trading at $35.84 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
ABB ADR follows other major Technology sector earnings this month
ABB ADR's report follows an earnings missed by Taiwan Semiconductor on July 15, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Accenture had beat expectations on June 24 with third quarter EPS of $2.4 on revenue of $13.26B, compared to forecast for EPS of $2.24 on revenue of $12.81B.
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