ABB beat analyst forecasts in Q2

Order intake, profit and operating result items ended up higher than expected for Swiss-Swedish ABB.

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Swiss-Swedish company ABB, provider of products and services in electric power, automation and robotics, went above analyst forecasts in the second quarter, reports Bloomberg News upon gathering consensus estimates.

Earnings before interest, taxes and amortizations (EBITA) came to USD 1.11bn, whereas the expected figure was USD 1.05bn, according to Bloomberg.

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