The stock exchange gives a thumbs down to the latest quarterly report from the Swedish-Swiss automation conglomerate ABB. The share falls by 6.5 percent.
ABB reports an operating profit of 1,564 million dollars for the second quarter of the year. During the corresponding quarter a year earlier, the operating profit was 1,425 million dollars.
Revenues for the second quarter this year rose to 8,239 million dollars, up 1 percent compared to a year earlier. Order intake fell 3 percent to 8,435 million dollars.
The operating profit was slightly better than expected, according to Bloomberg's compilation of forecasts. But order intake was weaker than expected.
