Siemens reports better than expected profit for Q4

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Source: Bloomberg
Siemens AG, the biggest engineering company in Europe, posted a much better than predicted profit for the last quarter of the previous year, as net income in the infrastructure unit doubled. Net revenues for Q4 rose 21% to 1.39 billion euro, while economists expected the profit to reach 1.33 billion euro. Siemens AG shares are rising 0.71% to 98.00 euro per share by 10:30 GMT in Frankfurt.
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Tue, 28 Jan 2014 12:00:03 GMT

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