Siemens AG

SIE: XETR (DEU)
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Siemens Earnings: Cyclical Recovery in Automation Demand Supports Raise in Guidance; FVE Maintained

Siemens reported 10% organic order growth during the first quarter and a 15% increase in operating profit, comfortably exceeding company-compiled consensus. The midpoint of its full-year EPS guidance was raised to EUR 10.90 from EUR 10.70. Shares are trading 6% higher intraday Feb. 12.

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