Siemens beat expectations for its fiscal 2nd quarter as all of its operations – except the Healthineers business it plans to spin off – exceeded profit forecasts.
The German industrial giant today posted profits of , or €1.79 ($1.64) per share, on sales of €20.22 billion ($18.56 billion) for the 3 months ended March 31, for flat bottom-line growth on sales growth of 6.4%.
The results met the consensus earnings forecast and topped the $19.80 billion sales expectation, but the Healthineers business missed the consensus €620 million bottom-line forecast with profits growth of 6% to €588 million ($539.8 million).
