Dow Jones Newswires: ABB 2Q net profit and revenue miss estimates on supply-chain strains

by | Jul 21, 2022 | Stock Market

ABB Ltd. said Thursday that second-quarter profit and revenue missed expectations despite higher volumes and orders, as it flagged strained supply chains and logistics issues in China as well as exchange-rate impacts. The Swiss industrial company reported net income of $379 million in the three months to the end of June, down from $752 million in the same period the year before. Orders…

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