Investing.com - Siemens N reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Siemens N announced earnings per share of €1.12 on revenue of €13.49B. Analysts polled by Investing.com anticipated EPS of €0.43 on revenue of €12.57B.
Siemens N shares are down 2% from the beginning of the year and are trading at €113.54 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is down 13.25% from the start of the year.
Siemens N shares gained 1.63% in intra-day trade the report.
Siemens N follows other major Capital Goods sector earnings this month
Siemens N's report follows an earnings beat by Heidelbergcement on Thursday, July 30, 2020, who reported EPS of €2.15 on revenue of €4.32B, compared to forecasts EPS of €1.37 on revenue of €4.12B.
Kion Group AG had missed expectations on Friday, July 31, 2020 with second quarter EPS of €-0.13 on revenue of €1.9B, compared to forecast for EPS of €-0.03 on revenue of €1.87B.
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