ABBN.SW · PEAD ↓ 40

ABB reported Q2 2026 EPS of $0.80 on 2026-07-15, beating the $0.76 consensus by $0.04 (+5.3%).

Print-day reaction was −2.7% versus the prior close, a notable reversal despite the EPS beat, suggesting the market found something beneath the headline to dislike. The overnight gap to the T+1 open recovered a modest +0.9%, indicating sellers did not press hard in after-hours trade. Over the following two sessions (T+1 through T+3), the stock drifted an additional +1.3%, though this was insufficient to recoup the initial damage. Cumulative abnormal return of −5.96% versus SPY.US — which itself declined 1.3% over the same window — firmly places this in PEAD short territory; the read is held through 2026-10-12.