Published - August 10th, 2023 @ 11:30 AM (GMT+2)
Siemens Q3 Earnings: Misses and Growth
Siemens AG, a global leader in electronic and electro-technical equipment, has returned to Q3 profit with revenue growth driven by its digital industry and smart infrastructure businesses.
Siemens reported a strong set of Q3 results, but the company's shares fell after missing revenue and earnings forecasts. The company's revenue rose, driven by digital industry and smart infrastructure businesses, but the shares fell due to the earnings miss.
Financial Highlights
Revenue: €19.42B
Operating Expense: €4.98B
Net Income: €3.48B
Net Profit Margin: 17.91%
Earnings Per Share: €4.82
Effective Tax Rate: 14.20%
Cash and Short-term Investments: €9.19B
Total Assets: €143.00B
Total Liabilities: €92.60B
Total Equity: €50.39B
Stock Performance
Siemens' stock price has experienced fluctuations, with a current price of €140.12. The year range for the stock is €95.07 - €167.00, with a market cap of €111.21B. The P/E ratio stands at 18.78, and the dividend yield is 3.03%.
Conclusion: A Mixed Bag for Siemens
Siemens' Q3 results present a mixed picture with a return to profit and revenue growth in key sectors, but the miss in forecasts has led to a fall in shares. The promising growth in digital industry and smart infrastructure is offset by the impact on shares. Siemens' strategic focus on digital innovation positions it well for future growth, but consistency will be key, and investors will be watching closely for consistent performance.
The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
