Market Overview

Siemens Posts Rise In Q2 Profit, Cuts Profit Forecast

Related SI
Benzinga Weekly Preview: Retail In Focus
Technical Update: How Far Can Silver Fall?

Siemens AG (NYSE: SI) reported around 12% rise in its profit for the January-March period and cut its profit view for the current fiscal.

Its quarterly net profit climbed to EUR1.01 billion from EUR904 million, while revenue dropped 7%.

Its orders climbed 20% to EUR21.5 billion in the quarter.

Siemens shares closed at $103.74 yesterday.

Posted-In: profitEarnings News Guidance


Related Articles (SI)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional