=ABB Ltd (ABB) reported earnings on Thur 20 Apr 2017 (b/o)

ABB Ltd beats by $0.01, beats on revs :

• Reports Q1 (Mar) earnings of $0.28 per share, $0.01 better than the Capital IQ Consensus of $0.27; revenues fell 0.6% year/year to $7.85 bln vs the $7.77 bln Capital IQ Consensus.
  • Base order growth of 2%
  • Total orders reflects lower large contract awards; book to bill ratio2 1.07x

Short-term outlook

• Macroeconomic and geopolitical developments are signaling a mixed picture with continued uncertainty. Some macroeconomic signs in the US remain positive and growth in China is expected to continue.
• The overall global market remains impacted by modest growth and increased uncertainties, e.g., Brexit in Europe and geopolitical tensions in various parts of the world.
• Oil prices and foreign exchange translation effects are expected to continue to influence the company's results.
• With this and the ongoing transformation of ABB, 2017 is expected to be a transitional year.