ABB Ltd beats by $0.01, beats on revs
- Reports Q1 (Mar) operational earnings of $0.31 per share, $0.01 better thanthe Capital IQ Consensus of $0.30; revenues rose 9.8% year/year to $8.63 bln vs the $8.4 bln Capital IQ Consensus.
- Total orders rose 6 percent (16 percent in US dollars), up in all divisions in the first quarter compared with a year ago. Base orders (base orders are classified as orders below $15 million) increased 5 percent (15 percent in US dollars), reflecting growth across all regions. Large orders represented 10 percent of total orders, the same level as a year ago. OUtlook: Macroeconomic signs are trending positively in Europe and the United States, with growth expected to continue in China.
- The overall global market is back to growth whilst still impacted by uncertainties in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company's results.
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