AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
ABB Ltd's Electrification segment has seen persistent strength due to solid customer activities in major markets, including the US and Germany. Orders totaled $4.52 billion, up 9% YoY, and revenues totaled $4.33 billion, up 11% YoY. The segment's order backlog reached a record level of $8.69 billion. ABB's recent buyout of Siemens' Wiring Accessories is expected to support revenue growth.
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet