Investing.com - Siemens AG (OTC:SIEGY) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Siemens 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, still down 30.98% from its 52 week high of €157.96 set on January 5. They are outperforming the STOXX 600 which is down 14.23% from the start of the year.
Siemens AG shares lost 6.65% in intra-day trade following the report.
Siemens AG follows other major Industrials sector earnings this month
Siemens AG's report follows an earnings beat by Deutsche Post on May 3, 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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