ABB Ltd. ABB reported disappointing second-quarter 2020 results, wherein both earnings and revenues declined on a year-over-year basis.Operational earnings were 22 cents per share, beating the Zacks Consensus Estimate of 11 cents. However, the figure recorded a decline of 35.3% on a year-over-year basis.Top-Line DetailsABB’s second-quarter revenues totaled $6,154 million, down 14.2% from the year-ago quarter. The downside can be attributed to a revenue decline at all of its segments. On a comparable basis, revenues were down 10%.Total orders were $6,054 million, decreasing 18% year over year. The metric decreased 14% on a comparable basis due to lower orders across Europe, the Americas, and Asia, Middle East and Africa (“AMEA”) regions. Order backlog decreased 1% on a year-over-year basis.ABB Ltd Price, Consensus and EPS Surprise ABB Ltd price-consensus-eps-surprise-chart | ABB Ltd QuoteSegmental DetailsABB reports revenues under four segments as discussed below:Electrification: Revenues totaled $2,764 million, decreasing 16% year over year. Orders were down 18% year over year to $2,737 million, owing to lower short-cycle demand in the buildings market as well as a material decline in the oil and gas renewables markets.Industrial Automation: Revenues were $1,382 million, declining 13% year over year. Orders decreased 20% year over year to $1,305 million. The downside was owing to weakness across energy and process industries across all regions.Motion: Revenues amounted to $1,583 million, down 4% from the year-ago quarter. Orders fell 10% year over year to $1,586 million on account of lower short-cycle demand across all regions, particularly in the Americas.Robotics & Discrete Automation: Revenues were $629 million, declining 26% year over year. Also, orders decreased 28% to $638 million. The decline was owing to softness in automotive, general industry and machine builder-related markets.Operational EBITA MarginIn the reported quarter, ABB’s total cost of sales decreased 14.5% year over year to $4,167 million. It represented 67.7% of second-quarter revenues compared with 67.9% a year ago. Gross margin was 32.3%, up from 32.1% in the year-ago quarter. Selling, general and administrative expenses declined 17.4% year over year to $1,180 million.Operational earnings before interest, taxes and amortization (EBITA) in the quarter decreased 21% to $651 million. Operational EBITA margin decreased 90 basis points to 10.6%.Balance Sheet and Cash FlowExiting the second quarter, ABB had cash and cash equivalents of $2,518 million, down from $5,971 million recorded in the previous quarter. Long-term debt was $6,237 million, lower than $6,772 million at the end of 2019.In the first six months of 2020, net cash provided by the operating activities totaled $252 million compared with $166 million used in the year-ago comparable period.OutlookABB believes that weakness across the oil and gas, automotive, conventional power generation, marine, and buildings end markets, owing to the coronavirus outbreak-led issues, will adversely impact its near-term results. Also, foreign currency translation might affect the company. Notably, it anticipates a decline in orders and revenues for the third quarter on a year-over-year basis.Zacks Rank & Stocks to ConsiderThe company currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks are Altra Industrial Motion Corp. AIMC, Berry Global Group, Inc. BERY and Dover Corporation DOV. All the companies presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Altra Industrial delivered an earnings surprise of 9.78%, on average, in the trailing four quarters.Berry Global delivered an earnings surprise of 6.63%, on average, in the trailing four quarters.Dover delivered an earnings surprise of 7.13%, on average, in the trailing four quarters.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABB Ltd (ABB): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Berry Global Group, Inc. (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research