More on ABB (ABB -0.5%) Q3: net profit -4% to $759M vs consensus of $764M. Orders -5% to $9.295B...

|About: ABB LTD. (ABB)|By:, SA News Editor

More on ABB (ABB -0.5%) Q3: net profit -4% to $759M vs consensus of $764M. Orders -5% to $9.295B vs $9.958B. Orders from U.S. +13%, China steady, Germany -64%, India -39%. CEO Joe Hogan is concerned about the economy right now but has "cautious optimism" for the long term. Interestingly, ABB notes "the stability of orders in China and southern Europe."