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ABB Raises Margin Outlook as Power Unit Gains From Data Boom

ABB Ltd. raised its margin outlook as massive investments in data centers fueled demand for its power-grid business, helping offset weaker sales of factory automation products.

By: financialpost.com

Oct 17 2024
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ABB Raises Margin Outlook as Power Unit Gains From Data Boom — ABB Raises Margin Outlook as P

(Bloomberg) — ABB Ltd. raised its margin outlook as massive investments in data centers fueled demand for its power-grid business, helping offset weaker sales of factory automation products. Read More

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