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More on ABB's Q3 results

Oct. 22, 2014 9:57 AM ETABB Ltd (ABBNY) StockABBNYBy: Yoel Minkoff, SA News Editor
  • Net income of $734M, or $0.32 per share vs. $835M, or $0.36 per share in the same quarter a year ago.
  • U.S. dollar revenue by segment: Discrete Automation and Motion +4%; Low Voltage Products -4%; Process Automation -11%; Power Products -9%; Power Systems -21%.
  • Order backlog at the end of September increased 4% Y/Y to $27B.
  • The company initiated a $4B share buyback program announced in September and purchased shares with a value of approximately $350M during the quarter.
  • Q3 results

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