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Siemens Earnings Expected To Crater 50% Even As Tech Giant Dials In On Data Center Fever

Siemens Earnings Expected To Crater 50% Even As Tech Giant Dials In On Data Center Fever
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Siemens profit ahead of forecast despite digital sector orders fall

ZURICH (Reuters) -Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German engineering group seeing a slowdown at its flagship factory automation unit. Digital Industries, which supplies companies with software and controllers to operate their production lines, saw new orders fall by a third and profit by a fifth as market conditions weakened. Like other major industrial companies, Siemens's results are seen as a barometer of the global economy.

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Siemens Sees Slower Revenue Growth, With Automation Demand Still Recovering -- 2nd Update

By Giulia Petroni Siemens anticipates a slowdown in revenue growth next year, with global demand for automation products not expected to pick up again until the second half. The German.

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Siemens Sees Slower Revenue Growth, With Automation Demand Still Recovering — 2nd Update

Siemens Sees Slower Revenue Growth, With Automation Demand Still Recovering — 2nd Update
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Siemens seeing normalisation in demand after Q3 misses forecasts

Siemens is seeing a normalisation in demand, particularly in China, the German engineering group said on Thursday as it reported third quarter profit which missed forecasts.. -Today at 01:10 am- MarketScreener

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