ABB - ABB EPS in-line beats on revenue

ABB (ABB): Q1 GAAP EPS of $0.26 in-line.Revenue of $6.9B (+10.9% Y/Y) beats by $10M.Orders $7.8B (+6% Y/Y) vs. estimate of $7.53BGross margin 32.9%Operational EBITA $959M (+51% Y/Y) vs. estimate of $864M.Operational EBITA margin 13.8% vs. estimate of 12.8%.2021 Outlook: ABB anticipates growth rates in Q2 2021 to reflect the low level of business activity in Q2 2020. Comparable orders and revenues are expected to grow >10%, with orders growing more than revenues.The Operational EBITA margin is expected to significantly improve Y/Y, to ~14%.The company anticipates comparable revenue growth of ~5% or higher for FY 2021.In 2021, ABB expects a steady pace of improvement from 2020 toward the 2023 Operational EBITA margin target of upper half of the 13%-16% range.Press Release

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ABB EPS in-line, beats on revenue