Investing.com - ABB ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ABB ADR announced earnings per share of $0.33 on revenue of $7.03B. Analysts polled by Investing.com anticipated EPS of $0.374 on revenue of $7.38B.
ABB ADR shares are up 16% from the beginning of the year and are trading at $35.04 , down-from-52-week-high.They are outperforming the DAX which is up 12.9% from the start of the year.
ABB ADR follows other major Technology sector earnings this month
ABB ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, October 14, 2021, who reported EPS of $1.07 on revenue of $14.75B, compared to forecasts EPS of $1.04 on revenue of $14.81B.
Infosys ADR had beat expectations on Wednesday, October 13, 2021 with second quarter EPS of $0.17 on revenue of $4B, compared to forecast for EPS of $0.1677 on revenue of $3.94B.
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