|Bid||19.50 x 1837800|
|Ask||19.70 x 1978200|
|Day's Range||19.60 - 19.81|
|52 Week Range||19.60 - 24.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||20.51|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.29|
For Ulrich Spiesshofer, who left ABB Ltd. on Wednesday after more than five years in charge, the verdict wasn’t kind. ABB stock jumped more than 5 percent on Wednesday after the Swiss engineering conglomerate announced a parting of ways. The company doesn’t have a replacement lined up, so chairman Peter Voser – a former boss of Royal Dutch Shell Plc – will run things until one is found.
The Zurich-based company said it had net income of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The industrial automation company posted revenue of $6.85 ...
Chairman Peter Voser, 61, will take on the role in the interim during the search for a successor, according to a statement Wednesday. Spiesshofer, 55, and the board “mutually agreed for him to step down.” The shares rose as much as 5.8 percent, the biggest jump since February 2013. “We’ve just started the process” to look for a replacement, Voser said on a call with reporters.
FT subscribers can click here to receive Opening quote by email. Is the UK property market on the brink of a rebound? Countryside Properties, a housebuilder and "urban regeneration partner", said this morning that after a slower start to the year demand has picked up.
In Nordic noir mysteries, cases are solved after many twists and not a few bleakly horrific scenes. Sweden’s Wallenberg family, which holds an 11 per cent stake, had tired of losing money on a decades-old investment. Mr Spiesshofer made his reputation reviving the robots division of a sprawling Swiss-Swedish conglomerate created in the late 1980s.
Since arriving in Formula E last year, one of the questions I’m most frequently asked is: Will Formula E ever replace Formula One? Now in its fifth season, Formula E is like a tech start-up. What started in 2011 as a vision of two men — Jean Todt, the FIA president, and Alejandro Agag, Formula E’s chairman — has quickly grown into a global sport, attracting some of the world’s top automotive manufacturers.
Rome is famed for its architectural beauty and ancient ruins, but it also has a reputation as a frustrating place to get things done. The arrival of Formula E racing in the Italian capital last year told a different story: It helped to prove that a city too often viewed as elegant but chaotic is capable of successfully hosting a logistically complex, modern sporting event. The inaugural Rome ePrix, held in April 2018, saw the all-electric ABB FIA Formula E championship teams race around a 2.8km track in the EUR district.
Traditional motorsport fans were not particularly captivated when Formula E, an all-electric racing series, launched in 2014. Now in its fifth series, the ABB FIA Formula E championship has succeeded in mobilising an audience and public profile that has delighted sponsors and backers, not least in connecting with a younger, urban audience. Nearly half (49 per cent) of engagement on the series’ Facebook page is from people in the 13-17 and 18-24 age brackets, according to figures from Formula E. The company says that the 18-24 category is their second largest “follower group” on the social network, after the 25-34 year-olds.
Like chocolate-chip cookies and candyfloss, investor activism was once an all-American phenomenon. During the recent period of rampant activism between January 2015 and February 2019, returns from successful campaigns in North America and Europe outperformed the S&P 500 index by 200 basis points, according to JPMorgan analysis.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Let's talk about the popular ABB Ltd (VTX:ABBN). The company's shares received a lo...
ABB pays a juicy dividend, and management is committed to turning the company's performance around. Here's what you need to know before buying into that story.
The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face theRead More...
Ltd. (ABBN.EB) said Thursday that earnings fell in the fourth quarter despite orders rising across all divisions and regions. The Swiss engineering group said net profit for the October-to-December period fell to $317 million from $393 million a year earlier. ABB said profitability was hit by higher costs and charges from legacy operations as well as the acquisition of GE Industrial Solutions.
Every investor in ABB Ltd (VTX:ABBN) should be aware of the most powerful shareholder groups. Institutions will often hold stock in bigger companies, and we expect to see insiders owningRead More...
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“We bought six companies in the last two years in robotics and will acquire more,” the newspaper cited the 54-year-old CEO as saying. The executive, who in December told Bloomberg he had the “financial horsepower” for more deals, reiterated plans to bolster the company’s electrification arm in Latin America, southeast Asia and sub-Saharan Africa.
How far off is ABB Ltd (VTX:ABBN) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairly Read More...