One Bad Quarter Doesn't Knock Out ABB
By Stephen Simpson:Wall Street institutional investors are paid overreactors, but individual investors have the luxury of taking a more patient outlook in response to a disappointing quarter - that's the benefit of not being judged (and/or fired) after every quarter. That's especially relevant as a host of industrial companies post difficult first quarter earnings.In the case of ABB (ABB), a few things are clear. First, China has really slowed down, and parts of Europe are feeling the pinch as well. Second, North America is especially strong. Third, the basic equation of helping companies operate more efficiently with respect to energy and labor is still plenty popular out there.
A Quarter That Gets Worse The Deeper You Dig
On the surface ABB's quarter didn't look so bad. Revenue growth of 8% sounds pretty good, and organic revenue growth of 6% may not be on par with General Electric (GE), but it stacksComplete Story »