ABB (NYSE:ABBNY) Shares Gap Down After Earnings Miss

ABB Ltd (NYSE:ABBNY) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $57.80, but opened at $54.85. ABB shares last traded at $55.05, with a volume of 37,467 shares traded.

The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $8.24 billion during the quarter. ABB had a return on equity of 27.83% and a net margin of 11.77%.

ABB Stock Up 0.0 %

The firm has a market capitalization of $100.98 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a fifty day simple moving average of $55.36 and a 200 day simple moving average of $49.05. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.47.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.