Thursday, August 10, 2023

Siemens Posts Q3 Profit, Orders Up; Confirms FY23 View; Stock Down

German conglomerate Siemens AG reported Thursday a profit in its third quarter, compared to last year's loss, with significant growth in revenues and orders. Meanwhile, Profit Industrial Business and margin declined from last year. Further, the company backed its forecast for group earnings and revenue growth, but trimmed its comparable revenue growth view for Digital Industries.

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