ABB Ltd
ABBN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @@ | LOCK|G@k | LOCK|y<@Vbk |
ABB Earnings: Record Orders Driven by Grid Modernization and $600 Million Process Automation Deal
ABB's second-quarter results comfortably beat company-compiled estimates across the board. Order intake grew 14% organically to a record $9.8 billion, driven by a $600 million process automation order and 9% growth in the electrification segment. Shares were trading 8% higher intraday on July 17.
