May 16, 05:36 AM

Siemens Misses Profit Forecast, Orders at EUR20.45B, Revenue at EUR19.16B, FY Comparable Revenue +4% To +8%

Siemens reported a drop in second quarter earnings at its industrial business, missing profit forecasts as orders totaled EUR20.45B and revenue reached EUR19.16B. The company still expects FY comparable revenue to increase by 4% to 8%. Deutsche Telekom backed its 2024 view with Q1 24 earnings showing revenue of EUR27.94B and adjusted EBITDA of EUR10.47B.

#Siemens #Deutsche Telekom

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