Investing.com - Siemens AG (OTC:SIEGY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Siemens AG announced earnings per share of €2.04 on revenue of €16.5B. Analysts polled by Investing.com anticipated EPS of €1.86 on revenue of €16.1B.
Siemens AG shares are down 0% from the beginning of the year, still down 7.55% from its 52 week high of €157.96 set on January 5. They are outperforming the SMI which is down 3.99% from the start of the year.
Siemens AG shares gained 5.70% in intra-day trade following the report.
Siemens AG follows other major Industrials sector earnings this month
Siemens AG's report follows an earnings missed by Siemens Energy AG on Thursday, who reported EPS of €-0.16 on revenue of €5.96B, compared to forecasts EPS of €0.1592 on revenue of €6.27B.
Stabilus had missed expectations on January 31 with first quarter EPS of €0.71 on revenue of €243.7M, compared to forecast for EPS of €0.755 on revenue of €238.38M.
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