India, July 17 -- Shares of ABB Ltd. were gaining around 8 percent in the morning trading in Switzerland after the Swiss technology company on Thursday issued positive third-quarter comparable revenue outlook and maintained fiscal 2025 growth view, after reporting strong second-quarter results and order growth.
CEO Morten Wierod said, "ABB delivered an all-time-high order intake and improved operational performance. We are on a good path towards a new record year, amidst geopolitical uncertainties."
Looking ahead to the third quarter, the company projects comparable revenue growth to be at least in the mid-single digit range, and the Operational EBITA margin to remain broadly stable year-on-year, amid the uncertainty for the global busine...