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ABB says market uncertainty rising as COVID-19 restrictions return

ZURICH, Feb 4 (Reuters) - ABB saw improving market conditions during its fourth quarter although uncertainties had also increased with the reintroduction of COVID-19 restrictions towards the end of last year, the engineering company said on Thursday.

The Swiss industrial company said its revenues increased 2% to $7.18 billion, beating forecasts for $6.94 billion in a company-gathered consensus of analyst forecasts.

The maker of industrial robots and fast-charging stations for electric vehicles reported a net loss of $79 million, missing analyst expectations for a profit of $104 million. (Reporting by John Revill; Editing by Michael Shields)

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