Trending: Siemens AG Reports Lower Profit, Cuts Digital Industries Guidance
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Dow Jones
1131 GMT - Siemens AG is among the most-mentioned companies across news items over the past four hours, according to Factiva data. The German industrial giant's net profit fell 43% on year to 2.03 billion euros ($2.21 billion) for the second quarter. The group also cut its guidance for its digital industries unit, blaming a slower-than-expected recovery in its Chinese automation operations. However, it upgraded the targets for its smart infrastructure division. Dow Jones & Co. owns Factiva. (michael.susin@wsj.com)
(END) Dow Jones Newswires
May 16, 2024 07:47 ET (11:47 GMT)
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