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UPDATE 1-ABB sees brighter outlook after Q4 net profit drops [Reuters]

GENERAL ELECTRIC (GE)  More Company Research Source: Reuters
Last general electric earnings: 4/23 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
PDF UPDATE 1-ABB sees brighter outlook after Q4 net profit drops | Reuters Reuters Staff 2 Min Read (Adds detail, context) ZURICH, Feb 8 (Reuters) - ABB gave a brighter outlook for 2018, saying on Thursday it saw improving markets around the world after its overhaul hit the engineering group’s fourth-quarter earnings. The maker of power transmission equipment and industrial robots said net profit fell 8 percent to $393 million during the three months ended Dec. 31, missing the average estimate of $424 million in a Reuters poll of analysts. The figures were hit by a fourth-quarter charge of $76 million from restructuring its business. Revenues rose 3 percent to $9.28 billion, short of the poll estimate of $9.5 billion, while orders rose to a weaker-than-expected $8.48 billion. It proposed raising its dividend by two cents to 0.78 Swiss francs per share. Chief Executive Ulrich Spiesshofer said the results showed the “dampening effects of our massive transformation”. The company spent much o [Read more]

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