Investing.com - Siemens AG (OTC:SIEGY) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Siemens AG announced earnings per share of €1.36 on revenue of €17.44B. Analysts polled by Investing.com anticipated EPS of €1.46 on revenue of €16.78B.
Siemens AG shares are up 27% from the beginning of the year, still down 1.53% from its 52 week high of €151.86 set on September 17. They are outperforming the Euro Stoxx 50 which is up 22.48% from the start of the year.
Siemens AG shares gained 1.86% 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 November 4, who reported EPS of €0.87 on revenue of €20.04B, compared to forecasts EPS of €0.8415 on revenue of €17.91B.
MTU Aero had missed expectations on October 28 with third quarter EPS of €1.59 on revenue of €1B, compared to forecast for EPS of €1.6 on revenue of €1B.
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