Siemens N reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Siemens N announced earnings per share of €1.16 on revenue of €14.23B. Analysts polled by anticipated EPS of €1 on revenue of €20.67B. That with comparison to EPS of €2.22 on revenue of €20.94B in the same period a year before. Siemens N had reported EPS of €1.31 on revenue of €20.32B in the previous quarter. Analysts are expecting EPS of €1.32 and revenue of €20.64B in the upcoming quarter.
Siemens N shares are down 24% from the beginning of the year , still down 26.40% from its 52 week high of €119.84 set on December 16, 2019. They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 9.7% year to date.
Siemens N shares gained 4.88% in intra-day trade following the report.
Siemens N follows other major Capital Goods sector earnings this month
Siemens N's report follows an earnings matched by Heidelbergcement on Thursday, who reported EPS of €-0.36 on revenue of €3.93B, compared to forecasts EPS of €-0.36 on revenue of €4.08B.
MTU Aero had missed expectations on April 30 with first quarter EPS of €2.1 on revenue of €1.27B, compared to forecast for EPS of €2.41 on revenue of €1.24B.
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