ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Thursday reported fourth-quarter profit of $987 million.
On a per-share basis, the Zurich-based company said it had net income of 53 cents. Earnings, adjusted to account for discontinued operations, were 54 cents per share.
The industrial automation company posted revenue of $8.59 billion in the period.
For the year, the company reported profit of $3.94 billion, or $2.13 per share. Revenue was reported as $32.85 billion.
ABB shares have risen slightly more than 4% since the beginning of the year.
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