Investing.com - Siemens AG (OTC:SIEGY) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Siemens AG announced earnings per share of €1.71 on revenue of €14.67B. Analysts polled by Investing.com anticipated EPS of €1.85 on revenue of €14.16B.
Siemens AG shares are up 22% from the beginning of the year, still down 1.09% from its 52 week high of €145.96 set on April 16. They are outperforming the Euro Stoxx 50 which is up 13.17% from the start of the year.
Siemens AG shares gained 3.49% in intra-day trade following the report.
Siemens AG follows other major Healthcare sector earnings this month
Siemens AG's report follows an earnings missed by Siemens Healthineers on Monday, who reported EPS of €0.44 on revenue of €3.97B, compared to forecasts EPS of €0.4647 on revenue of €3.9B.
Fresenius SE had missed expectations on Friday with first quarter EPS of €0.78 on revenue of €8.98B, compared to forecast for EPS of €0.7921 on revenue of €8.93B.
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