We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Siemens AG (PK) | USOTC:SIEGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.215 | 0.23% | 94.215 | 94.17 | 94.38 | 94.38 | 93.93 | 93.98 | 90,144 | 16:50:40 |
By Maitane Sardon
Shares in Siemens dropped after the company reported third-quarter revenue and earnings that came short of expectations.
At 0739 GMT, shares were down 2.5% at EUR142.80 after falling as much as 4.4%.
The German industrial company said Thursday that revenue for the April-to-June period grew 10% to 18.9 billion euros ($20.7 million). Orders also increased, rising 15% to EUR24.2 billion from EUR22.0 billion in the same period a year earlier.
Net profit was EUR1.4 billion compared with a net loss of EUR1.5 billion in the prior-year period.
Revenue missed expectations by 2% and earnings before interest, taxes, and amortization came in 5% below expectations, Deutsche Bank analyst Gael de-Bray said in a research note, noting the results were somewhat disappointing.
However, group orders beat consensus by 9%, with a strong book-to-bill ratio of 1.28 driven by some large orders in mobility, de-Bray said.
Excluding Siemens Energy, the company sees earnings per share before purchase price allocation accounting between EUR9.6 and EUR9.9, which would imply a consensus cut of 1.5% at the midpoint, Deutsche Bank added.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
August 10, 2023 04:06 ET (08:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Siemens (PK) Chart |
1 Month Siemens (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions