ABB Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/18 04:00

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).
earnings-and-revenue-history
SWX:ABBN Earnings and Revenue History October 18th 2024

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.