ABB Posts Profit In Q4 On Strong Demand; Sees Margin Growth; Stock Down

Swiss engineering company ABB Ltd. Thursday reported a hefty profit in its fourth quarter, compared to last year's loss, driven by strong demand. The company further lifted its dividend and said it plans share buybacks. Looking ahead, ABB said it expects steady improvement in margin, but supply chain constraints would prevail near-term. ABB shares were losing around 2 percent in the morning trade.

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