Swiss industrial conglomerate ABB (ABB) has an oddly bipolar record when it comes to its financial reports. Where most companies tend to report streaks of better than expected (or worse than expected) numbers, with ABB it's always a toss-up from quarter to quarter. Although ABB did not end the fourth quarter on a uniformly positive note, the company still looks like an interesting name for the year ahead.
Better Orders, But The Past Intrude
ABB announced that revenue rose 16% in local currencies for the fourth quarter, with organic growth coming in at an impressive 10%. That's remarkably better performance than competitors like Siemens (SI), Emerson (EMR), and Rockwell Automation (ROK), and only Eaton (ETN) and General Electric (GE) showed markedly better performance in overlapping segments.
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ABB: Deja Vu All Over Again
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