|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||173.05 - 178.00|
|52-week range||173.05 - 178.00|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||74.71|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
ABB is publishing preliminary information on its first-quarter 2021 results, which according to the information available to the company, is better than the latest company guidance and current market consensus. The preliminary results were driven by a stronger-than-anticipated market development, especially during the last weeks of March, and relates primarily to the short-cycle business. Quarterly demand is likely to have been supported by customer stock-building activities related to both component availability constraints and rising commodity prices in the industry.
ABB will launch on April 9, 2021 its previously announced follow-up share buyback program of up to $4.3 billion. Based on the current share price this represents a maximum of approximately 137 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 1,543,644.