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Siemens earnings beat estimates on strong demand for electrification, software

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German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook.

Industrial profit came in at 3 billion euros in the quarter to the end of June, 11% higher than in the same quarter a year ago.15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa Siemens

Industrial profit came in at 3 billion euros in the quarter to the end of June, 11% higher than in the same quarter a year ago. The figure was also above the company-complied analyst consensus.index was trading down 1.04%.

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Siemens earnings beat estimates on strong demand for electrification, softwareGerman industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook.
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