Siemens Posts Rise In Q2 Profit, Cuts Profit Forecast

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Siemens AG
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: EarningsNewsGuidanceprofit
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