1614 GMT - ABB Ltd. is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. The Swiss industrial group raised its 2023 revenue guidance after reporting first-quarter numbers that exceeded consensus expectations and said it plans to delist its American Depositary Receipts from the New York Stock Exchange. ABB said it now expects comparable revenue growth of at least 10% this year, up from its previous guidance for a rise of at least 5%. Separately, it said the last day of trading of its ADRs on the NYSE is expected to be May 22. ABB, which listed on the NYSE in April 2001, said its shares will remain listed on the SIX Swiss Exchange and Nasdaq Stockholm due to its heritage. Dow Jones & Co. owns Factiva. (adria.calatayud@dowjones.com)

(END) Dow Jones Newswires

April 25, 2023 12:32 ET (16:32 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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