Siemens AG

SIE: XETR (DEU)
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Siemens Earnings: Signs of Cyclical Recovery Materialize; Shares Fairly Valued

Siemens reported 5% organic revenue growth and a 7% operating profit decline in its fiscal third quarter. Lower software sales, which are also higher-margin, against a high comparable mitigated growth across the other segments. The shares are trading 4% higher intraday on Aug. 7.

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