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Siemens Aktiengesellschaft (SIEGY)

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78.33-0.81 (-1.02%)
At close: 03:59PM EST
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  • Reuters

    Siemens Energy: gas and power business supports optimistic view for 2023

    Siemens Energy, which supplies equipment to the power sector, expects its business catering conventional energy sources to support its optimistic view for 2023, its chief executive said in a speech for the group's annual general meeting. Siemens Energy's gas and power segment has been a stabilising factor for the group during efforts to fix issues at its struggling wind division, Christian Bruch said in the speech, which was published ahead of the AGM scheduled for Feb. 7.

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    Century Casinos and Eastman Chemical have been highlighted as Zacks Bull and Bear of the Day.

  • Reuters

    Siemens Healthineers confirms outlook despite Q1 profit drop

    Siemens Healthineers confirmed its full-year outlook on Thursday despite a drop in quarterly profit driven by low demand in China, as it saw strong order growth in the first quarter. The company stuck with its outlook for comparable revenue to be flat within a range of a 1% fall to a 1% increase in fiscal 2023 from last year's 21.7 billion euros. Excluding revenue from rapid COVID-19 antigen tests, the figure is expected to grow 6-8%, it said, adding revenue margins were expected to improve considerably.