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ABB posts 4Q profit

ZURICH (AP) _ ABB Ltd. (ABB) on Thursday reported fourth-quarter net income of $393 million.

On a per-share basis, the Zurich-based company said it had net income of 18 cents. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.

The industrial automation company posted revenue of $9.28 billion in the period.

For the year, the company reported profit of $2.21 billion, or $1.03 per share. Revenue was reported as $34.31 billion.

ABB shares have declined 2.5 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABB at https://www.zacks.com/ap/ABB