Investing.com - Siemens AG (OTC:SIEGY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Siemens AG announced earnings per share of €1.67 on revenue of €14.07B. Analysts polled by Investing.com anticipated EPS of €1.1 on revenue of €13.27B.
Siemens AG shares are up 15% from the beginning of the year, still down 0.95% from its 52 week high of €137.42 set on February 3. They are outperforming the DAX which is up 1.58% from the start of the year.
Siemens AG shares gained 2.21% in intra-day trade following the report.
Siemens AG follows other major Healthcare sector earnings this month
Siemens AG's report follows an earnings beat by Siemens Healthineers on Monday, who reported EPS of €0.49 on revenue of €3.87B, compared to forecasts EPS of €0.3876 on revenue of €3.61B.
Biofrontera AG had missed expectations on January 5 with fourth quarter EPS of €-0.1226 on revenue of €4.71M, compared to forecast for EPS of €-0.102 on revenue of €4.68M.
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