Siemens Raises Profit Outlook
World Economy

Siemens Raises Profit Outlook

Siemens AG raised its profit outlook for the year, in a surprise move that highlights the company’s confidence the German maker of gas turbines and medical scanners can ride out a slowdown in China and sharp drop in oil prices, Bloomberg reported. This is the first time Siemens has raised the company’s outlook after cutting more than 13,000 jobs. Full-year earnings per share will be between €6 ($6.50) and €6.40, higher than a previous forecast of €5.90 to €6.20, the Munich-based company said in a statement after the market closed on Monday. In the first quarter, industrial profit rose 9.6% to €2 billion, beating a €1.9 billion average analyst estimate by Bloomberg.

Short URL : https://goo.gl/dBiXRI
  1. https://goo.gl/BTvLkV
  • https://goo.gl/1xeOJs
  • https://goo.gl/qlKIe8
  • https://goo.gl/i0QeUW
  • https://goo.gl/DIbOJN

You can also read ...

Switzerland Introduces Regulations on ICOs
Swiss Financial Market Supervisory Authority, a Swiss...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
India Coal Import Up
India’s coal import increased by 12.4% to 18.49 million tons...