ADRs End Mixed, ABB and Ericsson Trade Actively
21 Oktober 2022 - 1:06AM
Dow Jones News
By Denny Jacob
International stocks trading in New York ended mixed
Thursday.
The S&P/BNY Mellon index of American depositary receipts was
largely flat at 121.08. The European index ticked down 0.3% to
116.26. The Asian index was up 0.1% to 137.07. The Latin American
index advanced 1.7% to 189.70, while the emerging-markets index
moved up 0.5% to 241.10.
ABB Ltd. was among those whose ADRs traded actively.
The Swiss technology company ticked down 0.9% after net profit
for the third quarter missed analysts' expectations as well as news
that its plan to list its E-Mobility business unit isn't expected
to happen this year.
Ericsson AB slid 15% after the Swedish telecommunications
equipment company posted third-quarter net profit that missed
expectations as lower licensing revenue and higher costs weighed on
margins.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
October 20, 2022 18:51 ET (22:51 GMT)
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