ABB Underperforms Estimate
ABB Ltd. (NYSE:ABB) reported fourth-quarter 2011 earnings per share of 36 cents, below the Zacks Consensus Estimate of 43 cents and above prior-year earnings of 31 cents. For 2011, the company reported earnings per share of $1.38, below the Zacks Consensus Estimate of $1.46 and above prior-year earnings of $1.12. The company benefited from strong [...]
ABB Ltd. (NYSE:ABB) reported fourth-quarter 2011 earnings per share of 36 cents, below the Zacks Consensus Estimate of 43 cents and above prior-year earnings of 31 cents.
For 2011, the company reported earnings per share of $1.38, below the Zacks Consensus Estimate of $1.46 and above prior-year earnings of $1.12.
The company benefited from strong revenue and cost saving, leading to increased profitability. Successful project also aided growth, leading to record revenues and solid earnings.
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