Investing.com - Siemens AG (DE:SIEGn) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Siemens AG announced earnings per share of €1.16 on revenue of €14.23B. Analysts polled by Investing.com anticipated EPS of €1 on revenue of €20.67B. That with comparison to EPS of €2.22 on revenue of €20.94B in the same period a year before.Siemens AG had reported EPS of €1.31 on revenue of €20.32B in the previous quarter.Analysts are expecting EPS of €1.32 and revenue of €20.64B in the upcoming quarter.
Siemens AG shares are down 24% from the beginning of the year and are trading at €88.36 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 9.7% year to date.
Siemens AG shares gained 5.47% in intra-day trade the report.
Siemens AG follows other major Healthcare sector earnings this month
Siemens AG's report follows an earnings beat by Bayer on Monday, April 27, 2020, who reported EPS of €2.67 on revenue of €12.85B, compared to forecasts EPS of €2.52 on revenue of €12.57B.
Siemens Healthineers had beat expectations on Tuesday with second quarter EPS of €0.43 on revenue of €3.69B, compared to forecast for EPS of €0.4 on revenue of €3.65B.
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