Siemens AG earnings miss, Revenue beats in Q2

  • Investing.com
Siemens AG earnings miss, Revenue beats in Q2

Investing.com - Siemens AG (ETR: SIEGn ) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Siemens (NS: SIEM ) AG announced earnings per share of €1.27 on revenue of €17.04B. Analysts polled by Investing.com anticipated EPS of €2.03 on revenue of €16.87B.

Siemens AG shares are down 4% from the beginning of the year and are trading at €109.03 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 14.23% year to date.

Siemens AG shares lost 6.65% in intra-day trade the report.

Siemens AG follows other major Industrials sector earnings this month

Siemens AG's report follows an earnings beat by Deutsche Post on Tuesday, May 3, 2022, who reported EPS of €1.08 on revenue of €22.59B, compared to forecasts EPS of €0.8901 on revenue of €20.37B.

Siemens Energy AG had missed expectations on Wednesday with second quarter EPS of €-0.22 on revenue of €6.58B, compared to forecast for EPS of €0.1208 on revenue of €6.51B.

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