Investing.com - Siemens AG (ETR:SIEGn) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Siemens (NS:SIEM) AG announced earnings per share of €-2.06 on revenue of €17.87B. Analysts polled by Investing.com anticipated EPS of €2.48 on revenue of €17.35B.
Siemens AG shares are down 28% from the beginning of the year and are trading at €109.18 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.82% year to date.
Siemens AG shares lost 100.00% in pre-market 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 Friday, August 5, 2022, who reported EPS of €1.17 on revenue of €24.03B, compared to forecasts EPS of €0.9957 on revenue of €21.83B.
Siemens Energy AG had missed expectations on Monday with third quarter EPS of €-0.54 on revenue of €7.28B, compared to forecast for EPS of €0.0076 on revenue of €7.16B.
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