Notable Hit: (ABB:NYSE) On Thursday July 21, 2022 ABB Ltd (ABB) posted worse than expected revenues of $7.27bn missing the consensus estimate of $7.57bn or by -3.9% and in the same direction as Advan's forecasted sales. The revenue was down 2.2% YoY and in line with Advan's employee foot traffic data decrease of 4.7% YoY at its factories for Q2 2022. Advan's footfall data has a correlation of 0.85 on a YoY basis with ABB's top-line revenue over the last 11 quarters.
