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Siemens Posts Rise In Q2 Profit, Cuts Profit Forecast

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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

 

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