ABB Q4 Profit Down - Quick Facts

(RTTNews) - Swiss engineering firm ABB Ltd.(ANN.L, ABB) Thursday reported that its fourth-quarter net income attributable to company slid 8 percent to $393 million, and basic earnings per share declined 7 percent to 18 cents from last year's 20 cents. Operational earnings per share stood at 33 cents.

Operational EBITA for the period was down 3 percent to $1.021 billion, while it was 7 percent lower in constant currency.

Revenues for the fourth quarter slid 3 percent to $9.28 billion, but were 1 percent lower in constant currency, as solid growth in Robotics and Motion was offset by the revenue decline in Power Grids.

Total orders were 2 percent higher in US dollars, as strong base order development could not offset the impact of lower large orders in Power Grids and Industrial Automation.